1. Regulations
  2. title 20
  3. chapter V-i1
  4. part 667
  5. subpart A
  6. § 667.140

View all text of Subpart A [§ 667.100 - § 667.170]

§ 667.140 - Does a Local Board have the authority to transfer funds between programs?

(a) A Local Board may transfer up to 20 percent of a program year allocation for adult employment and training activities, and up to 20 percent of a program year allocation for dislocated worker employment and training activities between the two programs.

(b) Before making any such transfer, a Local Board must obtain the Governor's approval.

(c) Local Boards may not transfer funds to or from the youth program.

AUTHORITY: Subtitle C of Title I, Sec. 506(c), Pub. L. 105-220, 112 Stat. 936 (20 U.S.C. 9276(c)); Executive Order 13198, 66 FR 8497, 3 CFR 2001 Comp., p. 750; Executive Order 13279, 67 FR 77141, 3 CFR 2002 Comp., p. 258.

SOURCE: 65 FR 49421, Aug. 11, 2000, unless otherwise noted.

CITE AS: 20 CFR 667.140