[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR305.14]

[Page 555]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 305--GRANTS FOR PUBLIC WORKS AND DEVELOPMENT FACILITIES--Table of Contents
 
              Subpart B--Requirements for Approved Projects
 
Sec. 305.14  Bid underrun.

    If at the construction contract bid opening, the lowest responsive 
bid is less than the funds available for construction, EDA must be 
notified immediately to determine whether any unneeded grant funds 
should be deobligated.

[64 FR 69876, Dec. 14, 1999]