[Code of Federal Regulations]

[Title 34, Volume 1]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 34CFR225.20]



[Page 560]

 

                           TITLE 34--EDUCATION

 

              SECONDARY EDUCATION, DEPARTMENT OF EDUCATION

 

PART 225_CREDIT ENHANCEMENT FOR CHARTER SCHOOL FACILITIES PROGRAM

--Table of Contents

 

           Subpart C_What Conditions Must Be Met by a Grantee?

 

Sec. 225.20  When may a grantee draw down funds?





    (a) A grantee may draw down funds after it has signed a performance 

agreement acceptable to the Department of Education and the grantee.

    (b) A grantee may draw down and spend a limited amount of funds 

prior to reaching an acceptable performance agreement provided that the 

grantee requests to draw down and spend a specific amount of funds and 

the Department of Education approves the request in writing.



(Authority: 20 U.S.C. 7223d)