by Executive Order (i.e., Historically Black Colleges and Universities, Hispanic Serving Institutions, and Tribal Colleges) and that do not offer SMET degrees beyond the baccalaureate level are exempted from this requirement. The Grant Proposal Guide (GPG)(Chapter II) and the Grant Policy Manual (Sec. 330) provide additional information as to these requirements. Length and Time Phasing of Assistance: Up to 5 years. Assistance is disbursed by letter of credit or as required. For fellowships, typically 9 to 12 months; up to 3 years of support. Assistance is disbursed to the institution for monthly stipend allotment to the fellow. Annual H-1B scholarships are awarded through institutions; reapplication is required. POST ASSISTANCE REQUIREMENTS: Reports: A substantive technical report is required upon completion of the project. Frequency and complexity of interim reports varies among programs depending on size, scope and program objective. Quarterly Federal Cash Transactions Reports (SF 272) are required. For fellowships, brief annual activities reports are required. Audits: In accordance with the provisions of OMB Circular No. A- 133 (Revised, June 24, 1997), "Audits of States, 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
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