- (a) On the first working day of each fiscal year or as soon as possible thereafter, the State Board shall cause to be paid to each district 25% of the amount allocated to that district for the fiscal year.
(b) Additional payments shall be made on a reimbursement basis.
- (1) each district receiving funds under provisions of this chapter shall file with the state Board a monthly report of expenditures no later than the 30th of the month following the end of each reporting period on forms provided by the State Board.
- (2) upon verification that the reports are in order, the State Board shall cause payment for reimbursement of expenses to be made to the district.
- (3) upon receipt of the last monthly report, the State Board shall perform a reconciliation of funds and pay the claim accordingly.
- (4) the district has complied with the reporting requirements of §521.11 and §521.12 of this chapter.
- (c) any unexpended and unobligated balance on the district books at August 31 will be treated as a payment toward that district's allocation for the subsequent fiscal year.
Source Note:The provisions of this §521.10 adopted to be effective May 8, 2000, 25 TexReg 4188; amended to be effective March 17, 2004, 29 TexReg 2652.