Use of transferred funds.

§ 1215.8 Use of transferred funds. (a) Any funds transferred under § 1215.7 may be used for approved projects in any section 402 program area. (b) Any funds transferred under § 1215.7 shall not be subject to Federal earmarking of any amounts or percentages for specific program activities. (c) The Federal share of the cost of any project carried out under section 402 with the transferred funds shall be 100 percent. (d) In the event of a transfer of funds under § 1215.7, the 40 percent political subdivision participation in State highway safety programs and the 10 percent limitation on the Federal contribution for Planning and Administration activities carried out under section 402 shall be based upon the sum of the funds transferred and amounts otherwise available for expenditure under section 402.