Why is the first year of the MSP funding cycle shorter (running from October 1, 2012-June 30, 2013) than Years two and three?
Q: Why is the first year of the MSP funding cycle shorter (running from October 1, 2012-June 30, 2013) than Years two and three?
A: The ESEA Title II, Part B, MSP Programs are typically funded from July 1-June 30. However, the first year of the Montana 2013-15 grant program will begin October 1. In order to “catch up” with the federal cycle, Year 1 of funding will end June 30, 2013. Budget Years 2 and 3 will begin July 1 and end on June 30. Funds not completely spent in Year 1 may be rolled over into Year 2.
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