§ 885.13 What are the maximum grant amounts?
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
(a) You may apply at any time for a grant of any or all of the Title IV funds that are available to you.
(b) We will not award an amount greater than the total funds distributed to your State or Indian tribe in the current annual fund distribution less any previous awards of current year funds, plus any funds distributed to you in previous years but not awarded, plus any unexpended funds recovered from previous grants and made available to you under § 885.19 of this chapter.
(c) Funds for the current fiscal year are available for award after the annual fund distribution described in § 872.13 of this chapter.
(d) Whenever you request it, we will give you information on the amounts and types of funds that are currently available to you.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.