FMSCA Regulation 350.321
350.321 What are permissible uses of New Entrant Funds?
(a) These funds may be used to conduct safety audits on New Entrant motor carriers under the New Entrant Safety Assurance Program.
(b) New Entrant funds will be allocated, at the discretion of FMCSA, to State and local governments.
(c) FMCSA will notify States when such funds are available.
(d) The Administrator may designate up to the maximum amount allowed by law of MCSAP funding for these projects in each fiscal year. FMCSA will reimburse up to 100 percent of the eligible costs in the administration of an approved project plan.
