45 CFR 270.3 – What is the annual maximum amount we will award and the maximum amount that a State can receive each year?
Current as of: 2024 | Check for updates
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(a) Except as provided in § 270.9, we will award $200 million in bonus funds annually, subject to Congressional authorization and the availability of the appropriation.
Terms Used In 45 CFR 270.3
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
(b) The amount payable to a State in a bonus year may not exceed five percent of a State’s family assistance grant.