Section 6.4 Timely Expenditure

Accessing Funds: Section 6.4 Timely Expenditure

Grantees must minimize the time lapsing between the receipt of CDBG funds and their disbursement per 2 CFR 200.305, which states that grantees must adhere to Treasury Regulations at 31 CFR Part 205. To ensure that these requirements are met, all funds must be disbursed within 15 days of receipt.

CDFA processes claims every two weeks. AOs must certify that the funds requested are necessary to meet current project obligations and will be expended within a maximum of 15 days after receipt. It can take varying amounts of time for a Grantee to receive funds once a request is processed, dependent on the type of disbursement method they have chosen.