---
kind: "section"
citation: "34 C.F.R. § 225.20"
title: "34"
number: "225.20"
heading: "When may a grantee draw down funds?"
url: "https://uscodex.org/cfr/34/225.20"
---

# §225.20. When may a grantee draw down funds?

- (a) A grantee may draw down funds after it has signed a performance agreement acceptable to the Department of Education and the grantee.
- (b) 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

[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]