|
|
|
U.S. Code as of:
01/19/04
Section 716. Carryover
(a) In general
Except as provided in subsection (b) of this section, and
notwithstanding any other provision of law -
(1) any funds appropriated for a fiscal year to carry out any
grant program under part B of subchapter I of this chapter,
section 794e of this title (except as provided in section 794e(b)
of this title), part B of subchapter VI of this chapter, subpart
2 or 3 of part A of subchapter VII of this chapter, or part B of
subchapter VII of this chapter (except as provided in section
796k(b) of this title), including any funds reallotted under any
such grant program, that are not obligated and expended by
recipients prior to the beginning of the succeeding fiscal year;
or
(2) any amounts of program income, including reimbursement
payments under the Social Security Act (42 U.S.C. 301 et seq.),
received by recipients under any grant program specified in
paragraph (1) that are not obligated and expended by recipients
prior to the beginning of the fiscal year succeeding the fiscal
year in which such amounts were received,
shall remain available for obligation and expenditure by such
recipients during such succeeding fiscal year.
(b) Non-Federal share
Such funds shall remain available for obligation and expenditure
by a recipient as provided in subsection (a) of this section only
to the extent that the recipient complied with any Federal share
requirements applicable to the program for the fiscal year for
which the funds were appropriated.
|
|