§1571. Program year
(a) Basis for availability of appropriations
Beginning with fiscal year 1985 and thereafter, appropriations for any fiscal year for programs and activities under this chapter shall be available for obligation only on the basis of a program year. The program year shall begin on July 1 in the fiscal year for which the appropriation is made.
(b) Expending of obligated funds
(1) Funds obligated for any program year may be expended by each recipient during that program year and the two succeeding program years and no amount shall be deobligated on account of a rate of expenditure which is consistent with the job training plan.
(2) Notwithstanding paragraph (1), funds obligated for any program year for programs authorized by section 1732 of this title shall remain available until expended.
(
Repeal of Section
Amendments
1992-Subsec. (b)(2).
Subsec. (c).
"(1) Appropriations for fiscal year 1984 shall be available both to fund activities for the period between October 1, 1983, and July 1, 1984, and for the program year beginning July 1, 1984.
"(2) There are authorized to be appropriated such additional sums as may be necessary to carry out the provisions of this subsection for the transition to program year funding."
1988-Subsec. (b).
Effective Date of 1992 Amendment
Amendment by
Effective Date of 1988 Amendment
Section 2 of
Section Referred to in Other Sections
This section is referred to in sections 1502, 1572 of this title.