Obligation and Liquidation Requirements
In general, an obligation is an action that commits the funds; for example, through issuance of a voucher or certificate to a family or through a contract or subgrant for purchase of services. Liquidation generally means the payment of funds to a third party, such as a child care provider, as a result of an obligation.
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If Source of Funds Is FY 2022 (10/1/21–9/30/22) |
Obligation Must Be Made by End of... |
And Liquidated by End of… |
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Discretionary |
FY 2023 (9/30/2023) (By end of 2nd fiscal year) |
FY 2024 (9/30/2024) (By end of 3rd fiscal year) |
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Mandatory |
FY 2022 (9/30/2022) (For states requesting Matching Funds, by end of 1st fiscal year) |
No requirement to liquidate by a specific date |
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Matching |
FY 2022 (9/30/2022) (By end of 1st fiscal year) |
FY 2023 (9/30/2023) (By end of 2nd fiscal year) |
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Maintenance of effort |
FY 2022 (9/30/2022) (For states requesting Matching Funds, by end of 1st fiscal year) |
FY 2022 (9/30/2022) (For states requesting Matching Funds, by end of 1st fiscal year) |