34 CFR § 225.20 - When may a grantee draw down funds?

---
identifier: "/us/cfr/t34/s225.20"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "34 CFR § 225.20 - When may a grantee draw down funds?"
title_number: 34
title_name: "Education"
section_number: "225.20"
section_name: "When may a grantee draw down funds?"
chapter_name: "OFFICE OF ELEMENTARY AND SECONDARY EDUCATION, DEPARTMENT OF EDUCATION"
part_number: "225"
part_name: "CREDIT ENHANCEMENT FOR CHARTER SCHOOL FACILITIES PROGRAM"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "20 U.S.C. 1221e-3, 1232, and 7221c."
regulatory_source: "70 FR 15003, Mar. 24, 2005, unless otherwise noted."
cfr_part: "225"
---


# 225.20 When may a grantee draw down funds?

(a) A grantee may draw down funds after it has signed a performance agreement acceptable to the Department of Education and the grantee.

(b) A grantee may draw down and spend a limited amount of funds prior to reaching an acceptable performance agreement provided that the grantee requests to draw down and spend a specific amount of funds and the Department of Education approves the request in writing.

[70 FR 15003, Mar. 24, 2005, as amended at 84 FR 25998, June 5, 2019]