[Code of Federal Regulations]
[Title 49, Volume 5]
[Revised as of October 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 49CFR350.321]

[Page 28]
 
                        TITLE 49--TRANSPORTATION
 
                      DEPARTMENT OF TRANSPORTATION
 
PART 350_COMMERCIAL MOTOR CARRIER SAFETY ASSISTANCE PROGRAM--Table of 
Contents
 
                            Subpart C_Funding
 
Sec.  350.321  What are permissible uses of New Entrant Funds?

    (a) These funds may be used to conduct safety audits on New Entrant 
motor carriers under the New Entrant Safety Assurance Program.
    (b) New Entrant funds will be allocated, at the discretion of FMCSA, 
to State and local governments.
    (c) FMCSA will notify States when such funds are available.
    (d) The Administrator may designate up to the maximum amount allowed 
by law of MCSAP funding for these projects in each fiscal year. FMCSA 
will reimburse up to 100 percent of the eligible costs in the 
administration of an approved project plan.

[72 FR 36771, July 5, 2007]