Racial balance is the primary goal of the regulations presented in this document. For the purpose of expending funds under these regulations, the terms "magnet school facilities" and "magnet educational program" are defined and school eligibility requirements are listed. Program requirements are also listed along with proposals for magnet school development and funding. Responsibilities for magnet educational program operation are described in terms of both student and administrator roles. In addition, general information regarding proposals for magnet school or magnet program funds, application procedures, and other provisions such as priority and evaluation is included. (Author/EB)