Although any member of a Partnership may organize the project, a Partnership must designate as the fiscal agent for its project under GEAR UP—

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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.

(Authority: 20 U.S.C. §§ 1070a-22)[65 FR 24760, Apr. 27, 2000. Redesignated at 75 FR 65798, Oct. 26, 2010; 85 FR 49828, Aug. 14, 2020]