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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 34 - Education |
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Subtitle B - Regulations of the Offices of the Department of Education |
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Chapter IV - Office of Career, Technical, and Adult Education, Department of Education |
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Part 406 - State-Administered Tech-Prep Education Program |
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Subpart C - How Does the Secretary Make a Grant to a State? |
§ 406.21 - How does the Secretary make reallotments?
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§ 406.21 How does the Secretary make reallotments?
(a)
(1) If the Secretary determines that any amount of a State's allotment under § 406.20 will not be required for any fiscal year for carrying out the program under this part, the Secretary reallots those funds to one or more States that demonstrate a current need for additional funds and the ability to use them promptly and effectively upon reallotment.
(2) The Secretary announces in the Federal Register the dates on which funds will be reallotted.
(b)
(1) No funds reallotted under paragraph (a) of this section may be used for any purpose other than the purposes for which they were appropriated.
(2) Any amount reallotted to a State under paragraph (a) of this section remains available for obligation during the succeeding fiscal year and is deemed to be part of the State's allotment for the fiscal year in which the reallotted funds are obligated.