34 Education 2 2002-07-01 2002-07-01 false Prohibition against commingling. 300.152 Section 300.152 Education Regulations of the Offices of the Department of Education (Continued) OFFICE OF SPECIAL EDUCATION ANDREHABILITATIVE SERVICES, DEPARTMENT OF EDUCATION ASSISTANCE TO STATES FOR THE EDUCATION OF CHILDREN WITH DISABILITIES State and Local Eligibility State Eligibility-Specific Conditions
ยง 300.152 Prohibition against commingling.

(a) The State must have on file with the Secretary an assurance satisfactory to the Secretary that the funds under Part B of the Act are not commingled with State funds.

(b) The assurance in paragraph (a) of this section is satisfied by the use of a separate accounting system that includes an audit trail of the expenditure of the Part B funds. Separate bank accounts are not required. (See 34 CFR 76.702 (Fiscal control and fund accounting procedures).)

(Authority: 20 U.S.C. 1412(a)(18)(B))