A grantee may make transfers as specified in 2 CFR 200.308 unless--
(a) ED regulations other than those in 2 CFR part 200 or a statute prohibit these transfers; or
(b) The conditions of the grant prohibit these transfers. (Authority 20 U.S.C. 1221e-3, 3474, 2 CFR part 200) [79 FR 76092, Dec. 19, 2014]