| (a) Within each fiscal year, a grantee may transfer
funds between direct cost line items in different approved budget
categories, not to exceed a cumulative total of ten percent of the
approved grant budget during that year, without requesting a grant
adjustment from the OAG.
(b) If it becomes necessary to move funds that are
greater than ten percent of the total budget between existing budget
categories, revise the scope or target of the program, add new budget
categories, or alter project activities, a grantee must first request
and receive approval from the OAG for a grant adjustment. The person
designated to make such requests or the authorized signator must sign
all grant adjustment request forms.
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| Source Note: The provisions of this §60.405 adopted to be effective July 15, 2003, 28 TexReg 5523; amended to be effective July 31, 2005, 30 TexReg 4209; amended to be effective March 7, 2019, 44 TexReg 1117 |
