CFR › Title 34 › Part 647 › §647.2334 CFR §647.23Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗Copy link(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—(1)$200,000; or(2)The amount requested by the applicant.