§2009e Transfers of Funds

Summary

A state's director may, in any fiscal year, move up to 25 percent of the money allocated for the state from each account named in the law into any other account that also has money for the state that year. But a transfer cannot be made if the amount being moved plus all transfers already made by state directors that year would push the total over 10 percent of the money available that year for carrying out the programs listed in the law. Those 25% and 10% limits do not apply if the state director certifies to the Secretary that there is an approved application for a project in the receiving function but no funds are available there, and that either there is no approved application in the function the funds would come from, or the community that would benefit from the receiving project has a smaller population and lower per‑person income than any community that would benefit from projects in the giving function.