34 CFR §675.46
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
An institution participating in the Work-Colleges program may not use its allocated and reallocated program funds and transferred funds provided under its Federal Perkins Loan or its FWS program to pay costs related to the purchase, construction, or alteration of physical facilities or indirect administrative costs.