45 CFR 1628.1 – Purpose
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The purpose of this part is to set out the Corporation‘s policies and procedures applicable to recipient fund balances. The Corporation’s fund balance policies are intended to ensure the timely expenditure of LSC funds for the effective and economical provision of high quality legal assistance to eligible clients.
Terms Used In 45 CFR 1628.1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.