When may a grantee draw down funds?

34 C.F.R. § 225.20
in effectEffective: 2024-07-01
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(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.

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