Section 642.26 - How does the Secretary set the amount of a grant?(a) The Secretary sets the amount of a grant on the basis of- (1)34 CFR 75.232 and 75.233 , for a new grant; and(2)34 CFR 75.253 , for the second year of a project period.(b) The Secretary uses the available funds to set the amount of the grant at the lesser of- (2) The amount requested by the applicant.75 FR 65774, Oct. 26, 2010