Regulations last checked for updates: Apr 30, 2025

Title 23 - Highways last revised: Apr 18, 2025
§ 661.45 - What happens when TTFBP funds cannot be obligated by the end of the fiscal year?

The TTFBP funds from the Highway Trust Fund (HTF) provided to a project that cannot be obligated by the end of the fiscal year are to be returned to FHWA during August redistribution. The returned funds will be re-allocated to the BIA the following fiscal year after FHWA receives and accepts a formal request for the funds from BIA, which includes a justification for the amounts requested and the reason for the failure of the prior year obligation.

source: 89 FR 57082, July 12, 2024, unless otherwise noted.
cite as: 23 CFR 661.45