Fiscally Independent LEA [Education] Law and Legal Definition

According to 34 CFR 222.2 [Title 34 – Education; Subtitle B -- Regulations of the Offices of the Department of Education; Chapter II -- Office of Elementary and Secondary Education, Department of Education; Part 222 -- Impact Aid Programs; Subpart A – General], the term fiscally independent LEA means “an LEA (Local Educational Agency) that has the final authority to determine the amount of revenue to be raised from local sources for current expenditure purposes within the limits established by State law.”

(Authority: 20 U.S.C. 7702(b)(2) and 7703(f))