34 CFR 694.10 v2 – What are the requirements that a Partnership must meet in designating a fiscal agent for its project under this program?
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Although any member of a Partnership may organize the project, a Partnership must designate as the fiscal agent for its project under GEAR UP—
Terms Used In 34 CFR 694.10 v2
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(a) A local educational agency; or
(b) An institution of higher education.