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Code of Federal Regulations (Last Updated: April 5, 2024) |
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Title 31 - Money and Finance: Treasury |
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Subtitle A - Office of the Secretary of the Treasury |
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Part 23 - Nondiscrimination on the Basis of Age in Programs and Activities Receiving Federal Financial Assistance from the Department of the Treasury |
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Subpart D - Investigation, Conciliation, and Enforcement Procedures |
§ 23.49 - Alternate funds disbursal procedure.
Latest version.
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§ 23.49 Alternate funds disbursal procedure.
(a) When Treasury withholds funds from a recipient under these regulations, the Secretary may disburse the withheld funds directly to an alternate recipient, where appropriate: Any public or non-profit private organization or agency, or State or political subdivision of the State.
(b) The Secretary will require any alternate recipient to demonstrate:
(1) The ability to comply with these regulations; and
(2) The ability to achieve the goals of the Federal statute authorizing the Federal financial assistance.