View all text of Part 661 [§ 661.1 - § 661.57]
§ 661.45 - What happens when TTFBP funds cannot be obligated by the end of the fiscal year?
The TTFBP funds from the Highway Trust Fund (HTF) 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 FHWA receives and accepts a formal request for the funds from BIA, which includes a justification for the amounts requested and the reason for the failure of the prior year obligation.