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If an LEA is funded and the actual expenses are less than originally proposed in the application, is the LEA allowed to retain savings from a project?

April 26, 2017actual allowed application expenses LEA originally proposed savings

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If an LEA is funded and the actual expenses are less than originally proposed in the application, is the LEA allowed to retain savings from a project?

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No, savings and unexpended bond funds must be returned to the OPSC and added to the CTE bond “pot” for future distribution per SAB Regulation Section 1859.199.