Allocating funds from the Civil Penalty Fund—in general.

CFR · 2024-01-01 · US · Title 12

(a) (b) (i) The schedule will establish six-month periods and identify the start and end dates of those periods. The start date of one period will be the day immediately after the end date of the preceding period. (ii) Notwithstanding paragraph (b)(1)(i) of this section, the first and second periods may be longer or shorter than six months to allow future six-month periods to start and end on dates that better serve administrative efficiency. The first and second periods will constitute “six-month periods” under this part regardless of their actual length. (iii) The start date of the first period is July 21, 2011. (2) Within 60 days after the end of a six-month period, the Fund Administrator will allocate available funds in the Civil Penalty Fund in accordance with §§ 1075.106 and 1075.107. (3) If the Civil Penalty Fund Governance Board determines that the schedule established under paragraph (b)(1) of this section should be changed to better serve administrative efficiency, it may change that schedule by directing the Fund Administrator to publish the new schedule on (c) (1) Any funds already allocated, (2) Any funds that the Fund Administrator determines are necessary for authorized administrative expenses, and (3) Any funds collected pursuant to an order that has not yet become a final order.

official document · source cfr-2024 · id 12:§ 1075.105