GroundRules
45 CFR 1303.51: Subordination of the federal interest.
Where this section sits in the code
- Title 45—Public Welfare
- Subtitle B—Regulations Relating to Public Welfare
- CHAPTER XIII—ADMINISTRATION FOR CHILDREN AND FAMILIES, DEPARTMENT OF HEALTH AND HUMAN SERVICES
- SUBCHAPTER B—THE ADMINISTRATION FOR CHILDREN AND FAMILIES, HEAD START PROGRAM
- PART 1303—FINANCIAL AND ADMINISTRATIVE REQUIREMENTS
- Subpart E—Facilities
Only the responsible HHS official can subordinate federal interest to the rights of a lender or other third party. Subordination agreements must be in writing and the mortgage agreement or security agreement for which subordination is requested must comply with § 1303.49. When the amount of federal funds already contributed to the facility exceeds the amount to be provided by the lender seeking subordination, the federal interest may only be subordinated if the grant recipient can show that funding is not available without subordination of the federal interest.
Collected 2026-08-27T02:26:21Z. Source file · JSON