[Code of Federal Regulations]
[Title 34, Volume 2]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 34CFR364.6]

[Page 340]
 
                           TITLE 34--EDUCATION
 
            REHABILITATIVE SERVICES, DEPARTMENT OF EDUCATION
 
PART 364--STATE INDEPENDENT LIVING SERVICES PROGRAM AND CENTERS FOR INDEPENDENT LIVING PROGRAM: GENERAL PROVISIONS--Table of Contents
 
                           Subpart A--General
 
Sec.  364.6  What requirements apply to the obligation of Federal funds and program income?

    (a) Except as provided in paragraph (b) of this section, any Federal 
funds, including reallotted funds, that are appropriated for a fiscal 
year to carry out a program under 34 CFR part 365, 366, or 367 that are 
not obligated or expended by the DSU or center prior to the beginning of 
the succeeding fiscal year, and any program income received during a 
fiscal year that is not obligated or expended by the DSU or center prior 
to the beginning of the succeeding fiscal year in which the program 
income was received, remain available for obligation and expenditure by 
the DSU or center during that succeeding fiscal year.
    (b) Federal funds appropriated for a fiscal year under part B of 
chapter 1 and under chapter 2 of title VII of the Act remain available 
for obligation in the succeeding fiscal year only to the extent that the 
DSU complied with any matching requirement by obligating, in accordance 
with 34 CFR 76.707, the non-Federal share in the fiscal year for which 
the funds were appropriated.

(Authority: 29 U.S.C. 718)