13 CFR 119.15 - If a grantee is unable to spend the entire amount allotted for a single fiscal year, can the funds be carried over to the next year?
(a) The grantee may request approval to use unexpended funds in the next budget period. This is permissible iffunds are to be used for a non-severable, non-recurring project or activity within the scope of the PRIME program. Non-severable means a project in its entirety that cannot be subdivided. The request for using unexpended funds in the next budget period must include the following:
(2) Explanation of why the funds were not expended during the period in which they were awarded; and
(3) Evidence of match. The match requirement for funds carried over to the next budget period can be met by using any excess of matching funds from the current budget period, new matching funds, or a combination of both.
Title 13 published on 2015-01-01.
No entries appear in the Federal Register after this date, for 13 CFR Part 119.