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34 CFR 361.64

§ 361.64 Obligation of Federal funds.

United States · 34 CFR — Education · Status: effective

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34 CFR 361.64, § 361.64 Obligation of Federal funds, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/156269
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Full text

(a) Except as provided in paragraph (b) of this section, any Federal award funds, including reallotted funds, that are appropriated for a fiscal year to carry out a program under this part that are not obligated by the State by the beginning of the succeeding fiscal year remain available for obligation by the State during that succeeding fiscal year. (b) Federal funds appropriated for a fiscal year remain available for obligation in the succeeding fiscal year only to the extent that the State met the matching requirement for those Federal funds by obligating, in accordance with 34 CFR 76.707, the non-Federal share in the fiscal year for which the funds were appropriated.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.