[Code of Federal Regulations] [Title 34, Volume 1] [Revised as of July 1, 2002] From the U.S. Government Printing Office via GPO Access [CITE: 34CFR76.303] [Page 161] TITLE 34--EDUCATION PART 76--STATE-ADMINISTERED PROGRAMS--Table of Contents Subpart D--How To Apply to the State for a Subgrant Sec. 76.303 Joint applications and projects. (a) Two or more eligible parties may submit a joint application for a subgrant. (b) If the State must use a formula to distribute subgrant funds (see Sec. 76.51), the State may not make a subgrant that exceeds the sum of the entitlements of the separate subgrantees. (c) If the State funds the application, each subgrantee shall: (1) Carry out the activities that the subgrantee agreed to carry out; and (2) Use the funds in accordance with Federal requirements. (d) Each subgrantee shall use an accounting system that permits identification of the costs paid for under its subgrant. (Authority: 20 U.S.C. 1221e-3 and 3474)