must complete the Application for Federal Assistance (Standard Forms 424, 424A and 424B) and submit a written proposal addressing all of the selection criteria stated in the program announcement. The applicant must submit applications/proposals by the application closing date to the SBA Office of Procurement and Grants Management, 5th Floor, 409 3rd Street, SW., Washington DC 20416. Award Procedure: Proposals of eligible applicants are evaluated by a review panel. Candidates for sustainability awards also undergo a site review. The SBA/Office of Procurement and Grants Management issues an award to each approved applicant. Deadlines: Applications/proposals must be submitted by the date indicated in the Program Announcement. Range of Approval/Disapproval Time: Within 120 days from filing deadline. Appeals: Not applicable. 82 Renewals: Annual option awards are issued to successful award recipients through a 5-year term without recompetition. ASSISTANCE CONSIDERATIONS: Formula and Matching Requirements: Of the appropriation made available to the WBC program, administrative costs ranges from 1.6 to 2 percent from fiscal years 2000 through 2003. During that period, the following percentages must be reserved for sustainability awards: (1) for Federal fiscal year 2000, 17%; (2) for fiscal year 2001, 18.8%; (3) for fiscal year 2002, 30.2%; (4) for fiscal year 2003, 30.2%. Remaining
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