StacksVerified U.S. regulatory reference

31 CFR §23.49

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)When Treasury withholds funds from a recipient under these regulations, the Secretary may disburse the withheld funds directly to an alternate recipient, where appropriate: Any public or non-profit private organization or agency, or State or political subdivision of the State.
  2. (b)The Secretary will require any alternate recipient to demonstrate:
    1. (1)The ability to comply with these regulations; and
    2. (2)The ability to achieve the goals of the Federal statute authorizing the Federal financial assistance.