---
kind: "section"
citation: "7 C.F.R. § 1980.1004"
title: "7"
number: "1980.1004"
heading: "Funding."
url: "https://uscodex.org/cfr/7/1980.1004"
---

# §1980.1004. Funding.


Unless the Agency publishes a notice that indicates otherwise, the Agency will reserve funds according to the procedures specified in [paragraphs (a) through (c)](#a..c) of this section for each of the programs identified in [§ 1980.1002](/cfr/7/1980.1002.md) each fiscal year.

- (a) **Individual program basis.** The Agency will reserve funds on an individual program basis.
- (b) **Percentage of funds.** The Agency will reserve up to 15 percent of the funds made available in a fiscal year to each program identified in [§ 1980.1002](/cfr/7/1980.1002.md). The percentage of funds to be set aside will be published in a notice in the Federal Register on an annual basis. The Agency may reserve the same or different percentages for each program in a single fiscal year.
- (c) **Unobligated funds.** In accordance with [7 U.S.C. 2008v](/usc/7/2008v.md), all Strategic Economic and Community Development (SECD) reserved funds will be reserved for the 1-year period beginning on the date on which the funds were first made available. The Agency has determined that for both non-annual and annually appropriated programs, SECD reserved funding will be available for obligation until dates established by covered programs as specified in a SECD annual Federal Register publication. Reserved funds in annual programs not obligated by September 30 will be reconciled according to applicable law.

## Notes

### Amendments

[80 FR 28816, May 20, 2015, as amended at 85 FR 59393, Sept. 22, 2020]

### Source

Source: 80 FR 28816, May 20, 2015, unless otherwise noted.

### Authority

Authority: 5 U.S.C. 301; 7 U.S.C. 1989. Subpart E also issued under 7 U.S.C. 1932(a).

### Amendments

[80 FR 28816, May 20, 2015, as amended at 85 FR 59393, Sept. 22, 2020]