45 CFR 1326 Subpart A – Basic Requirements

1326.2(a) Funds which the Federal Government allots under this part during a Federal fiscal year are available for obligation by States for a two‐year period beginning with the first day of the Federal fiscal year in which the grant is awarded.

1326.3(a) All obligations incurred pursuant to a grant made under the Act for a specific Federal fiscal year, must be liquidated within two years of the close of the Federal fiscal year in which the grant was awarded.