(1) When any children who are residents of the State of Mississippi and qualify under the provisions of Section 37-23-31, are provided a program of education, instruction and training within a university-based program (UBP), the State Department of Education shall allocate funds equivalent to the full base student cost and all qualifying weighted adjustments as prescribed in Section 37-151-205. The university or college shall be eligible for state and federal funds for such programs in accordance with IDEA. The university or college shall be responsible for providing for the additional costs of the program.
(2) IDEA-Part B and preschool allocations for each LEA shall be determined and calculated by the State Department of Education with notification provided to the UBP of the total amount of funds being distributed to the LEA. The LEA and UBP shall enter into a collaborative agreement that describes the services provided and the funds required for such services.
(3) State funds for transportation, extended school year and the total funding formula funds, including National Board Certification/Speech-Language Pathology Supplements, shall be distributed by the State Department of Education directly to the state-supported university or college for students placed either through the Individualized Education Program (IEP) process or who are parentally placed. The university-based program (UBP) shall submit this information directly to the State Department of Education.