| (a) A Board shall meet the following requirements for unmatched federal child care funds that are contingent upon a Board securing local funds. (1) By the end of the fourth month following the beginning of the program year, a Board shall secure donations, transfers, and certifications totaling at least 100 percent of the amount it needs to secure in order to access the unmatched federal child care funds available to the workforce area at the beginning of the program year. (2) Throughout the program year and by the end of the twelfth month, a Board shall ensure completion of all donations, transfers, and certifications consistent with the contribution schedules and payment plans specified in the local agreements. (3) The Commission may withhold the federal matching amounts associated with local match that are not completed after the end of the twelfth month, as set forth in paragraph (2) of this subsection. (b) The Commission may deobligate, at any time following the fourth month of the program year, all or part of the difference between a Board's actual level of secured and completed match and the level of performance that is required, as set forth in subsection (a) of this section. |
