Section 7980.2 - Drawdown of Funds and Financial Management(a) Requests for drawdown of grant amounts shall be made in a format provided by the department requesting the following information: (1) Subgrantee identification, grant number, and contact information.(2) List of budget activities, approved budget amount, amounts previously drawn down, and requested draw amount.(3) Certification by an authorized representative of the subgrantee that the request is in accordance with the terms of the approved Standard Agreement.(b) A subgrantee may request a cash advance as permitted under the HUD Notice. The Department shall not approve such requests unless all special conditions to disbursement described in the Standard Agreement have been met and an expenditure detail for any prior advance has been submitted to the Department.(c) Subgrantees shall be bound by expenditure requirements set forth in the HUD Notice.Cal. Code Regs. Tit. 25, § 7980.2
1. New section filed 1-26-2011; operative 2-25-2011 (Register 2011, No. 4). Note: Authority cited: Sections 50406(h), 50406(i), 50406(n) and 50407, Health and Safety Code. Reference: Public Law 111-5 (American Recovery and Reinvestment Act of 2009), Division. A, Title XII.
1. New section filed 1-26-2011; operative 2-25-2011 (Register 2011, No. 4).