§643.23. How does the Secretary set the amount of a grant?
34 C.F.R. § 643.23
The Secretary sets the amount of a grant on the basis of—
34 CFR 75.253, for the second and subsequent years of a project period.
If the circumstances described in section 402A(b)(3) of the HEA exist, the Secretary uses the available funds to set the amount of the grant at the lesser of—
$200,000; or
The amount requested by the applicant.
Notes, amendments, and revision history
Amendments
[58 FR 59145, Nov. 5, 1993, as amended at 75 FR 65778, Oct. 26, 2010]
Authority
Authority: 20 U.S.C. 1070a-11 and 1070a-12, unless otherwise noted.
Source
Source: 58 FR 59145, Nov. 5, 1993, unless otherwise noted.
Amendments
[58 FR 59145, Nov. 5, 1993, as amended at 75 FR 65778, Oct. 26, 2010]