303.122—Control of funds and property.

The statement must provide assurance satisfactory to the Secretary that—
(a) The control of funds provided under this part, and title to property acquired with those funds, will be in a public agency for the uses and purposes provided in this part; and
(b) A public agency will administer the funds and property.
(Approved by the Office of Management and Budget under control number 1820-0550)

Code of Federal Regulations

(Authority: 20 U.S.C. 1437(b)(3) )