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Electronic Code of Federal Regulations

e-CFR data is current as of June 3, 2020

Title 34Subtitle BChapter IIPart 225Subpart C → §225.20


Title 34: Education
PART 225—CREDIT ENHANCEMENT FOR CHARTER SCHOOL FACILITIES PROGRAM
Subpart C—What Conditions Must Be Met by a Grantee?


§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.

[70 FR 15003, Mar. 24, 2005, as amended at 84 FR 25998, June 5, 2019]

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