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34 C.F.R. § 370.31   How does the Secretary reallocate funds?

Title 34 - Education

Title 34: Education
PART 370—CLIENT ASSISTANCE PROGRAM
Subpart D—How Does the Secretary Allocate and Reallocate Funds to a State?

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§ 370.31   How does the Secretary reallocate funds?

(a) The Secretary reallocates funds in accordance with section 112(e)(2) of the Act.

(b) A designated agency shall inform the Secretary at least 90 days before the end of the fiscal year for which CAP funds were received whether the designated agency is making available for reallotment any of those CAP funds that it will be unable to obligate in that fiscal year.

(Approved by the Office of Management and Budget under control number 1820–0520)

(Authority: 29 U.S.C. 711(c) and 732(e)(2))

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