FEDERAL · 20 U.S.C. · Chapter 28
Commingling of funds
20 U.S.C. § 1078–4
Title20 — Education
Chapter28 — HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE
SubchapterIV
PartB
Current throughPub. L. 119-99
This text of 20 U.S.C. § 1078–4 (Commingling of funds) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
20 U.S.C. § 1078–4.
Text
Notwithstanding any other provision of this part regarding permissible uses of funds from any source, funds received by a guaranty agency under any provision of this part may be commingled with funds received under any other provision of this part and may be used to carry out the purposes of such other provision, except that—
(1)the total amount expended for the purposes of such other provision shall not exceed the amount the guaranty agency would otherwise be authorized to expend; and
(2)the authority to commingle such funds shall not relieve such agency of any accounting or auditing obligations under this part.
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History
(Pub. L. 89–329, title IV, §428D, as added Pub. L. 99–498, title IV, §402(a), Oct. 17, 1986, 100 Stat. 1393.)
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Bluebook (online)
20 U.S.C. § 1078–4, Counsel Stack Legal Research, https://law.counselstack.com/usc/20/1078–4.