31 C.F.R. § 205.16 What special rules apply to Federal assistance programs and projects funded by the Federal Highway Trust Fund?
Title 31 - Money and Finance: Treasury
The following applies to Federal assistance programs and projects funded out of the Federal Highway Trust Fund, notwithstanding any other provision of this part: (a) A State must request funds at least weekly for current project costs, or Federal interest liability will not accrue prior to the day a State submits a request for funds. (b) If a State pays out its own funds in the absence of a project agreement or in excess of the Federal obligation in a project agreement, the Federal Program Agency will not incur an interest liability.
Title 31: Money and Finance: Treasury
PART 205—RULES AND PROCEDURES FOR EFFICIENT FEDERAL-STATE FUNDS TRANSFERS
Subpart A—Rules Applicable to Federal Assistance Programs Included in a Treasury-State Agreement
§ 205.16 What special rules apply to Federal assistance programs and projects funded by the Federal Highway Trust Fund?
