2301.21—Payment of Federal funds.
(a)
The Department will not make any payment under an award, unless and until the recipient complies with all relevant requirements imposed by this Part. Additionally:
(1)
The Department will not make any payment until it receives confirmation that the FCC has granted any necessary authorization;
(2)
The Department may not make any payment under an award unless and until all special award conditions stated in the award documents that condition the release of Federal funds are met; and
(3)
An agreement to share ownership of the grant equipment (e.g., a joint venture for a tower) must be approved by the Agency before any funds for the project will be released.
(b)
As a general matter, the Agency expects grantees to expend local matching funds at a rate at least equal to the ratio of the local match to the Federal grant as stipulated in the grant award.