Federal Funds Authorized Law and Legal Definition

Pursuant to 49 CFR 19.2 [Title 49 – Transportation; Subtitle A -- Office of the Secretary of Transportation; Part 19 -- Uniform Administrative Requirements for Grants and Agreements with Institutions of Higher Education, Hospitals, and Other Non-Profit Organizations], federal funds authorized means “the total amount of Federal funds obligated by the Federal Government for use by the recipient. This amount may include any authorized carryover of unobligated funds from prior funding periods when permitted by agency regulations or agency implementing instructions.”