42 U.S. Code § -

(a) In general
There are authorized to be appropriated to carry out this subchapter such sums as may be necessary for fiscal years 2007, 2008, 2009, 2010, and 2011.
(b) Obligation
Amounts appropriated under this section for any fiscal year shall be available for obligation during the annual period that begins on July 1 of the calendar year immediately following the beginning of such fiscal year and that ends on June 30 of the following calendar year. The Secretary may extend the period during which such amounts may be obligated or expended in the case of a particular organization or agency that receives funds under this subchapter if the Secretary determines that such extension is necessary to ensure the effective use of such funds by such organization or agency.
(c) Recapturing funds
At the end of the program year, the Secretary may recapture any unexpended funds for the program year, and reobligate such funds within the 2 succeeding program years for—
(1) incentive grants to entities that are State grantees or national grantees under section 3056 (b) of this title;
(2) technical assistance; or
(3) grants or contracts for any other activity under this subchapter.

Source

(Pub. L. 89–73, title V, § 517, as added Pub. L. 109–365, title V, § 501,Oct. 17, 2006, 120 Stat. 2587.)

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42 USCDescription of ChangeSession YearPublic LawStatutes at Large

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