[Code of Federal Regulations]
[Title 15, Volume 3]
[Revised as of January 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 15CFR2301.21]

[Page 491]
 
                  TITLE 15--COMMERCE AND FOREIGN TRADE
 
       CHAPTER XXIII--NATIONAL TELECOMMUNICATIONS AND INFORMATION 
                 ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 2301_PUBLIC TELECOMMUNICATIONS FACILITIES PROGRAM--Table of Contents
 
                    Subpart D_Post-Award Requirements
 
Sec. 2301.21  Payment of Federal funds.

    (a) The Department will not make any payment under an award, unless 
and until the recipient complies with all relevant requirements imposed 
by this Part. Additionally:
    (1) The Department will not make any payment until it receives 
confirmation that the FCC has granted any necessary authorization;
    (2) The Department may not make any payment under an award unless 
and until all special award conditions stated in the award documents 
that condition the release of Federal funds are met; and
    (3) An agreement to share ownership of the grant equipment (e.g., a 
joint venture for a tower) must be approved by the Agency before any 
funds for the project will be released.
    (b) As a general matter, the Agency expects grantees to expend local 
matching funds at a rate at least equal to the ratio of the local match 
to the Federal grant as stipulated in the grant award.