34 C.F.R. · Education
34 C.F.R. § 225.20

When may a grantee draw down funds?

Title 34 C.F.R. ● ACTIVE Primary Source
Regulatory Text

34 C.F.R. § 225.20 — When may a grantee draw down funds?

§ 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. [70 FR 15003, Mar. 24, 2005, as amended at 84 FR 25998, June 5, 2019]

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34 C.F.R. § 225.20
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The regulatory text of 34 C.F.R. § 225.20 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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