34 CFR 225.20 - When may a grantee draw down funds?

Regulations last checked for updates: Nov 22, 2024

Title 34 - Education last revised: Nov 15, 2024

View all text of Subpart C [§ 225.20 - § 225.21]

§ 225.20 - When may a grantee draw down funds?

(a) A grantee may draw down funds after it has signed a performance agreement acceptable to the Department of Education and the grantee.

(b) A grantee may draw down and spend a limited amount of funds prior to reaching an acceptable performance agreement provided that the grantee requests to draw down and spend a specific amount of funds and the Department of Education approves the request in writing.

[70 FR 15003, Mar. 24, 2005, as amended at 84 FR 25998, June 5, 2019]

authority: 20 U.S.C. 1221e-3,1232,and

source: 70 FR 15003, Mar. 24, 2005, unless otherwise noted.

cite as: 34 CFR 225.20