Award Procedure: The Secretary has final approval authority; applicants are notified of acceptance or rejection. 145 Deadlines: None. Range of Approval/Disapproval Time: From 60 to 90 days. Appeals: None. Renewals: A new application procedure is initiated for each renewal. ASSISTANCE CONSIDERATIONS: Formula and Matching Requirements: None specified by statute. Length and Time Phasing of Assistance: Generally, projects will be funded to operate one to two years. Assistance is released by quarterly reimbursement or a letter of credit. POST ASSISTANCE REQUIREMENTS: Reports: Quarterly and final financial and performance reports. Audits: In accordance with the provisions of OMB Circular No. A- 133, "Audits of State and Local Governments and Non-Profit Organizations," nonfederal entities that receive financial assistance of $300,000 or more in Federal awards will have a single or a program- specific audit conducted for that year. Nonfederal entities that expend less than $300,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Circular No. A-133. Records: All records applicable to the assistance project must be kept for three years following the submission of the final expenditure report or until all audit findings have been resolved. FINANCIAL INFORMATION: Account Identification: 86-0162-0-1-451. Obligations: (Grants) FY 99 $7,500,000; FY 00 est $0; and FY 01 est
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