StacksVerified U.S. regulatory reference

31 CFR §205.16

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
The following applies to Federal assistance programs and projects funded out of the Federal Highway Trust Fund, notwithstanding any other provision of this part:
  1. (a)A State must request funds at least weekly for current project costs, or Federal interest liability will not accrue prior to the day a State submits a request for funds.
  2. (b)If a State pays out its own funds in the absence of a project agreement or in excess of the Federal obligation in a project agreement, the Federal Program Agency will not incur an interest liability.