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§ 23.49 Alternate funds disbursal procedure.

31 CFR 23.49

Citation31 CFR 23.49
CorpusDaily eCFR
Displayed edition2026-10-01
Last updated2026-10-01

§ 23.49 Alternate funds disbursal procedure.

(a) When Treasury withholds funds from a recipient under these regulations, the Secretary may disburse the withheld funds directly to an alternate recipient, where appropriate: Any public or non-profit private organization or agency, or State or political subdivision of the State.

(b) The Secretary will require any alternate recipient to demonstrate:

(1) The ability to comply with these regulations; and

(2) The ability to achieve the goals of the Federal statute authorizing the Federal financial assistance.