Revenue Derived from Local Sources [Education] Law and Legal Definition
Pursuant to 20 USCS § 7713 (12) [Title 20. Education; Chapter 70. Strengthening and Improvement of Elementary and Secondary Schools; Impact Aid], the term revenue derived from local sources means—
“(A) revenue produced within the boundaries of a local educational agency and available to such agency for such agency's use; or
(B) funds collected by another governmental unit, but distributed back to a local educational agency in the same proportion as such funds were collected as a local revenue source.”
Legal Definition list
Related Legal Terms
- 504 Plan [Education]
- Abrogation [Education]
- Academic Competitiveness Grant (ACG) Program [Education]
- Academic Department [Education]
- Academic Field [Education]
- Accreditation (Education)
- Accredited Educational Institution
- Accrediting Agency [Education]
- Accumulation plan [Internal Revenue]
- ACG Scheduled Award [Education]
