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Title 20, EducationRelease 119-110

§1070b–4 Carryover and Carryback Authority

Title 20 › CHAPTER 28 — HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE › SUBCHAPTER IV — STUDENT ASSISTANCE › Part A — Grants to Students in Attendance at Institutions of Higher Education › subpart 3 — federal supplemental educational opportunity grants › § 1070b–4

Last updated Sep 22, 2026|Official source

Summary

An eligible institution may, at its choice, keep up to 10 percent of the money it gets for a fiscal year and spend that leftover amount in the next fiscal year to run the program. An eligible institution may also, at its choice, use up to 10 percent of a fiscal year’s money to pay for expenses from the previous fiscal year. The school may give grants to students after the academic year ends but before the next fiscal year begins using the next fiscal year’s funds.

Full Legal Text

Title 20, §1070b–4

Education, Source: USLM XML via OLRC

(a)Carryover authority
Of the sums made available to an eligible institution under this subpart for a fiscal year, not more than 10 percent may, at the discretion of the institution, remain available for expenditure during the succeeding fiscal year to carry out the program under this subpart.
(b)Carryback authority
(1)In general
Of the sums made available to an eligible institution under this subpart for a fiscal year, not more than 10 percent may, at the discretion of the institution, be used by the institution for expenditure for the fiscal year preceding the fiscal year for which the sums were appropriated.
(2)Use of carried-back funds
An eligible institution may make grants to students after the end of the academic year, but prior to the beginning of the succeeding fiscal year, from such succeeding fiscal year’s appropriations.

Legislative History

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Effective Date

Section effective Oct. 1, 1998, except as otherwise provided in Pub. L. 105–244, see section 3 of Pub. L. 105–244, set out as an

Effective Date

of 1998 Amendment note under section 1001 of this title.

Reference

Citations & Metadata

Citation

20 U.S.C. § 1070b–4

Title 20, Education

Last Updated

Sep 22, 2026

Release point: 119-110