R277-622-7. Allowable Uses of Funds

  (1) An LEA that receives a distribution pursuant to Section R277-622-6 may use the funds only for the following:

  (a) salary and benefits for the hiring of qualified personnel; or

  (b) procuring a contract for related services;

  (2) If an LEA fails to hire qualified personnel by January 31 the allocated funds shall be returned to the Board.

  (3) All unexpended funds distributed to an LEA shall be returned to the Board at the end of the LEA's school year and redistributed in the following year's distribution.

  (4) An LEA shall use the LEA's matching funds and allocation within the fiscal year the funds are distributed.

  (5) An LEA that has remaining balances at year end shall report the remaining balances in the LEA's annual program report described in R277-484.

  (6) An LEA with remaining balances shall receive a reduction totaling the remaining balances in the LEA's award for the following fiscal year.