(a) Initial grant funds will be paid in an advance installment of not less than 40 percent of the funds available for allotment by October 1st.
(b) The remainder of the grant funds will be paid by July 1st after the BIE adjusts the amount to reflect any overpayments or underpayments made in the first disbursement.
authority: Public Law 95-471, Oct. 17, 1978, 92 Stat. 1325; amended Public Law 98-192, Dec. 1, 1983, 97 Stat. 1335; Public Law 99-428, Sept. 30, 1986, 100 Stat. 982; Public Law 105-244, Oct. 7, 1998, 112 Stat. 1619; Public Law 110-315, Aug. 14, 2008, 122 Stat. 3460;
25 U.S.C. 1801
source: 81 FR 38587, June 14, 2016, unless otherwise noted.
cite as: 25 CFR 41.59