1. Regulations
  2. title 23
  3. chapter I
  4. part 661
  5. § 661.45

View all text of Part 661 [§ 661.1 - § 661.59]

§ 661.45 - What happens when IRRBP funds cannot be obligated by the end of the fiscal year?

IRRBP funds provided to a project that cannot be obligated by the end of the fiscal year are to be returned to FHWA during August redistribution. The returned funds will be re-allocated to the BIA the following fiscal year after receipt and acceptance at FHWA from BIA of a formal request for the funds, which includes a justification for the amounts requested and the reason for the failure of the prior year obligation.

AUTHORITY: 23 U.S.C. 120(j) and (k), 202, and 315; Section 1119 of the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA–LU) (Pub. L. 109–59, 119 Stat. 1144); and 49 CFR 1.48.

SOURCE: 73 FR 15664, Mar. 25, 2008, unless otherwise noted.

CITE AS: 23 CFR 661.45