[Code of Federal Regulations]

[Title 24, Volume 3]

[Revised as of April 1, 2005]

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

[CITE: 24CFR576.63]



[Page 228]

 

                 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]