[Code of Federal Regulations]
[Title 24, Volume 3]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR576.63]

[Page 224]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
  CHAPTER V--OFFICE OF ASSISTANT SECRETARY FOR COMMUNITY PLANNING AND 
        DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 576_EMERGENCY SHELTER GRANTS PROGRAM: STEWART B. McKINNEY HOMELESS 
ASSISTANCE ACT--Table of Contents
 
                     Subpart F_Grant Administration
 
Sec. 576.63  Method of payment.

    Payments are made to a grantee upon its request after the grant 
agreement has been fully executed, and may include a working capital 
advance for 30 days' cash needs or an advance of $5,000, whichever is 
greater. Thereafter, the grantee will be reimbursed for the amount of 
its actual cash disbursements. If a grantee requests a working capital 
advance, it must base the request on a realistic, firm estimate of the 
amounts required to be disbursed over the 30-day period in payment of 
eligible activity costs.

[54 FR 46799, Nov. 7, 1989. Redesignated and amended at 61 FR 51553, 
Oct. 2, 1996]