20 USC 7545 – Administrative provisions
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Not more than 5 percent of funds provided to an award recipient under this part for any fiscal year may be used for administrative purposes.
Terms Used In 20 USC 7545
- 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.