CFR > Title 34 > Subtitle B > Chapter VI > Part 673 > Subpart B – General Provisions for the Federal Perkins Loan, Fws, and Fseog Programs
Current as of: 2024 | Check for updates
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Other versions
| § 673.3 | Application |
| § 673.4 | Allocation and reallocation |
| § 673.5 | Overaward |
| § 673.6 | Coordination with BIA grants |
| § 673.7 | Administrative cost allowance |
Terms Used In CFR > Title 34 > Subtitle B > Chapter VI > Part 673 > Subpart B - General Provisions for the Federal Perkins Loan, Fws, and Fseog Programs
- Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
- 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.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.