§ 300.717 Definitions applicable to allotments, grants, and use of funds

Terms Used In CFR > Title 34 > Subtitle B > Chapter III > Part 300 > Subpart G > Definitions that Apply to this Subpart

  • Contract: A legal written agreement that becomes binding when signed.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.