A grantee may make transfers as specified in 2 CFR 200.308 unless—

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(a) ED regulations other than those in 2 CFR part 200 or a statute prohibit these transfers; or

(b) The conditions of the grant prohibit these transfers.

(Authority 20 U.S.C. §§ 1221e-3, 3474, 2 CFR part 200)[79 FR 76092, Dec. 19, 2014]