---
kind: "section"
citation: "25 C.F.R. § 286.20"
title: "25"
number: "286.20"
heading: "Disbursement of grant funds."
url: "https://uscodex.org/cfr/25/286.20"
---

# §286.20. Disbursement of grant funds.


Unless otherwise provided by an agreement between a lender and the grantee, the Assistant Secretary may in his discretion advance grant funds directly to a grantee. He may require the funds to be deposited in a special account at the appropriate Agency headquarters office or deposited in a joint account in a bank and disbursed as needed by the grantee. The terms of a lender's loan agreement may require the lender's approval before disbursement of the funds. Grant funds will not be disbursed to a grantee until the Assistant Secretary has been informed by the lender that a loan has been approved for the grantee in the amount of the loan financing needed.


## Notes

### Authority

Authority: 25 U.S.C. 1524.

### Source

Source: 39 FR 44748, Dec. 27, 1974, unless otherwise noted. Redesignated at 47 FR 13328, Mar. 30, 1982.