§225.20. When may a grantee draw down funds?
34 C.F.R. § 225.20
A grantee may draw down funds after it has signed a performance agreement acceptable to the Department of Education and the grantee.
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.
Notes, amendments, and revision history
Amendments
[70 FR 15003, Mar. 24, 2005, as amended at 84 FR 25998, June 5, 2019]
Authority
Authority: 20 U.S.C. 1221e-3, 1232, and 7221c.
Source
Source: 70 FR 15003, Mar. 24, 2005, unless otherwise noted.
Amendments
[70 FR 15003, Mar. 24, 2005, as amended at 84 FR 25998, June 5, 2019]