Section 76.303 - Joint applications and projects(a) Two or more eligible parties may submit a joint application for a subgrant.(b) If the State must use a formula to distribute subgrant funds (see § 76.51 ), the State may not make a subgrant that exceeds the sum of the entitlements of the separate subgrantees.(c) If the State funds the application, each subgrantee shall:(1) Carry out the activities that the subgrantee agreed to carry out; and(2) Use the funds in accordance with Federal requirements.(d) Each subgrantee shall use an accounting system that permits identification of the costs paid for under its subgrant. Authority: 20 U.S.C. 1221e-3 and 3474