Allocation of appropriated funds.

CFR · 2024-01-01 · US · Title 7

(a) (2) Each FY, and normally within 30 days after the date Rural Development receives an appropriation of designated rural development program funds, the Governor of each designated State will be notified of the amounts allocated to the State under each designated program for such FY. The Governor will also be notified of the total amounts appropriated for the FY for each designated rural development program. (3) The State Director will fund projects from a designated State's allocation of funds, according to appropriate program regulations giving great weight to the order in which the preapplications/applications for projects are ranked and listed by the panel in accordance with § 1940.956(b)(3) of this subpart. (b) (c) (2) Funds pooled from designated States can be requested by designated States, pursuant to subsection (d) of this section. The designated States' pool; however, will not be available to nondesignated States until September 1 of each year. (d) (2) Designated States may request funds from the nondesignated reserve account when: (i) All allocated and reserve funds to designated states have been used, or (ii) Sufficient funds do not remain in any designated State allocation and in the designated States' reserve account to fund a project.

official document · source cfr-2024 · id 7:§ 1940.961