Set-Aside Funds [Education] Law and Legal Definition

According to 34 CFR 395.1 (s) [Title 34 – Education; Subtitle B -- Regulations of the Offices of the Department of Education; Chapter III -- Office of Special Education and Rehabilitative Services, Department of Education; Part 395 -- Vending Facility Program for the Blind on Federal and Other Property; Subpart A -- Definitions], the term set-aside funds means “funds which accrue to a State licensing agency from an assessment against the net proceeds of each vending facility in the State's vending facility program and any income from vending machines on Federal property which accrues to the State licensing agency.”