Student Achievement and School Accountability Conference October 2002
Text (slide 43):
An LEA may generally transfer up to 50 percent of a fiscal year's formula grant funds?
Transfer of carryover funds depends on the amount of funds, if any, transferred during the year preceding the carryover period.
If an LEA transfers less than 50 percent of a program's formula grant allocation in a given year, it may transfer funds carried over to the succeeding year, as long as the total of the amount transferred does not exceed 50 percent of the base year's allocation for that program.