How does the Secretary reallocate funds?

34 C.F.R. § 370.31
in effectEffective: 2024-07-01
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(a) The Secretary reallocates funds in accordance with section 112(e)(2) of the Act. (b) A designated agency shall inform the Secretary at least 45 days before the end of the fiscal year for which CAP funds were received whether the designated agency is making available for reallotment any of those CAP funds that it will be unable to obligate in that fiscal year or the succeeding fiscal year.

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