[Code of Federal Regulations]
[Title 34, Volume 3]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 34CFR648.50]

[Page 338]
 
                           TITLE 34--EDUCATION
 
                         DEPARTMENT OF EDUCATION
 
PART 648--GRADUATE ASSISTANCE IN AREAS OF NATIONAL NEED--Table of Contents
 
           Subpart E--How Does the Secretary Distribute Funds?
 
Sec. 648.50  What are the Secretary's payment procedures?


    (a) The Secretary awards to the institution of higher education a 
stipend and an institutional payment for each individual awarded a 
fellowship under this part.
    (b) If an academic department of an institution of higher education 
is unable to use all of the amounts available to it under this part, the 
Secretary reallots the amounts not used to academic departments of other 
institutions of higher education for use in the academic year following 
the date of the reallotment.

(Authority: 20 U.S.C. 1135a, 1135c, 1135d)