Funds allocated to a State are available for obligation during the fiscal year for which they are allocated and until the close of the succeeding fiscal year. For the purpose of this section, obligation of allocated funds occurs when a Project Agreement is signed by the Secretary, or his authorized representative, attesting to his approval.
authority: Endangered Species Act of 1973, sec. 6(h), 87 Stat. 884,
16 U.S.C. 1531-43,
Pub. L. 93-205
source: 40 FR 47509, Oct. 9, 1975, unless otherwise noted.
cite as: 50 CFR 81.7