49 CFR 29.405
§ 29.405 When must the Department transfer funds for a discretionary or competitive grant?
United States · 49 CFR — Transportation · Status: effective
Cite this
- Citation
- 49 CFR 29.405, § 29.405 When must the Department transfer funds for a discretionary or competitive grant?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/254686
- Permanent ID
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Full text
If the Department selects a Tribe for a discretionary or competitive grant, and the Tribe elects to include the grant funds in its funding agreement, the Department will transfer the funds to the Tribe in accordance with the terms of the Notice of Funding Opportunity or as the Department and the Tribe may otherwise agree. The Department will transfer these funds no later than 10 days after the Department and the Tribe execute a funding agreement or an amendment covering the grant, unless the funding agreement provides otherwise. Consistent with the Prompt Payment Act, the Department is not responsible for any interest penalty if the Department makes the transfer within 30 days.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.