[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: 34CFR370.47]

[Page 400-401]
 
                           TITLE 34--EDUCATION
 
            REHABILITATIVE SERVICES, DEPARTMENT OF EDUCATION
 
PART 370--CLIENT ASSISTANCE PROGRAM--Table of Contents
 
   Subpart E--What Post-Award Conditions Must Be Met by a Designated 
                                 Agency?
 
Sec.  370.47  When must grant funds be obligated?

    (a) Any funds appropriated for a fiscal year to carry out the CAP 
that are not expended or obligated by the designated agency prior to the 
beginning of the succeeding fiscal year remain available for obligation 
by the designated agency during the succeeding fiscal year in accordance 
with 34 CFR 76.705 through 76.707.
    (b) A designated agency shall inform the Secretary within 90 days 
after the end of the fiscal year for which the

[[Page 401]]

CAP funds were made available whether the designated agency carried over 
to the succeeding fiscal year any CAP funds that it was unable to 
obligate by the end of the fiscal year.

(Approved by the Office of Management and Budget under control number 
1820-0520)

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