Current through October 31, 2024
Section 264.71 - What determines the amount of the provisional payment of contingency funds that will be made to a State?We will make a provisional payment to a State that meets the requirements of § 264.70 , within the following limits:
(a) The amount that we will pay to a State in a fiscal year will not exceed an amount equal to 1/12 times 20 percent of that State's SFAG for that fiscal year, multiplied by the number of eligible months for which the State has requested contingency funds;(b) The total amount that we will pay to all States during a fiscal year will not exceed the amount appropriated for this purpose; and(c) We will pay contingency funds to States in the order in which we receive requests for such payments.