To receive an allotment under the SLEAP Program, a State must--
(a) Submit an application in accordance with the provisions in Sec. 692.20;
(b) Identify the activities in Sec. 692.71 for which it plans to use the SLEAP Federal and non-Federal funds;
(c) Ensure that the non-Federal funds used as matching funds represent dollars that are in excess of the total dollars that a State spent for need-based grants, scholarships, and work-study assistance for fiscal year 1999, including the State funds reported as part of its LEAP Program;
(d) Provide an assurance that for the fiscal year prior to the fiscal year for which the State is requesting Federal funds, the amount the State expended from non-Federal sources per student, or the aggregate amount the State expended, for all the authorized activities in Sec. 692.71 will be no less than the amount the State expended from non-Federal sources per student, or in the aggregate, for those activities for the second fiscal year prior to the fiscal year for which the State is requesting Federal funds; and
(e) Ensure that the Federal share will not exceed one-third of the total funds expended under the SLEAP Program. (Authority: 20 U.S.C. 1070c-3a) [65 FR 65608, Nov. 1, 2000, as amended at 66 FR 34039, June 26, 2001]
What Is the Amount of Assistance and How May It Be Used?