§ 661.45. What happens when TTFBP funds cannot be obligated by the end of the fiscal year?
78 words·~1 min read·
/us/cfr/t23/s§ 661.45·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The TTFBP funds from the Highway Trust Fund
(HTF)provided to a project that cannot be obligated by the end of the fiscal year are to be returned to FHWA during August redistribution. The returned funds will be re-allocated to the BIA the following fiscal year after FHWA receives and accepts a formal request for the funds from BIA, which includes a justification for the amounts requested and the reason for the failure of the prior year obligation.