Section 645.33 - How does the Secretary set the amount of a grant?(a) The Secretary sets the amount of a grant on the basis of- (1)34 CFR 75.232 and 75.233 , for new grants; and(2)34 CFR 75.253 , for the second and subsequent years of a project period.(b) If the circumstances described in section 402A(b)(3) of the HEA exist, the Secretary uses the available funds to set the amount of the grant at the lesser of-(2) The amount requested by the applicant.60 FR 4748, Jan. 24, 1995, as amended at 75 FR 65787 , Oct. 26, 2010 Authority: 20 U.S.C. 1070a-11