14 CFR §152.323
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
- (a)If any performance review conducted by the sponsor discloses a need for change in the budget estimates, the sponsor shall submit a request for budget revision on a form prescribed by the Administrator.
- (b)A request for prior approval for budget revision shall be made promptly by the sponsor whenever—
- (c)The sponsor shall promptly notify the FAA whenever the amount of the grant is expected to exceed the needs of the sponsor by more than $5,000, or 5 percent of the grant amount, whichever is greater.