by MBDA. Name checks, verification of academic credentials and post-award audits may be required from applicants. Deadlines: Deadlines for formal competitive awards are outlined in the Federal Register and/or the Commerce Business Daily. Range of Approval/Disapproval Time: From 4 to 6 months. Unsuccessful applicants shall be notified in writing at the same time that notification is sent to the successful applicant. 103 Appeals: All decisions are final. There is no administrative appeal process. Renewals: MBDC awards are made for a period of three years with funding provided on an annual basis at the discretion of MBDA and the Department of Commerce. Performance evaluations will be conducted, and funding levels will be established for each of the three budget periods. The MBDC will receive continued funding after the initial competitive year at the discretion of MBDA based upon the availability of funds, the MBDC's performance, and agency priorities. ASSISTANCE CONSIDERATIONS: Formula and Matching Requirements: This program has no statutory formula. In most program areas, MBDA has established minimum requirements for matching or cost sharing by the recipient. New awards are generally required to provide a minimum 15 percent cost sharing through in-kind contributions and cash, including client service fees. MBDA reserves the right to decide on a case-by-case basis whether a nonfederal contribution is
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