- A. The BEP shall set aside funds from the Net Proceeds of the operation of a Business Facility based on a monthly schedule determined after consultation with the APOC and approved by the Secretary of the United States Department of Education.ent shall be used only for the purposes stated in 34 CFR 395.9(b) (July 1, 1988), incorporated by reference and on file with the Office of the Secretary of State.
- B. As part of the annual budget process, the set-aside schedule shall be evaluated with active participation from the APOC as required under 34 CFR 395.9(c). The final set-aside decision shall be made by the BEP Manager.
- C. The new set-aside schedule shall be determined on or before June 30th of the current year. The rate set each year shall run from July 1st of the current year through June 30th of the following year.
- D. Yearly set-aside schedules shall be posted in the minutes following the APOC meetings and shall be posted in the SLA offices and on the DES website.
- E. The set-aside funds shall be used only for the purposes stated in 34 CFR 395.9(b).
Historical Note
Adopted effective May 7, 1990 (Supp. 90-2). Amended by final rulemaking at 31 A.A.R. 3921 (October 3, 2025), effective November 2, 2025 (Supp. 25-3).