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: Grantees are expected to maintain separate records for each grant to ensure that funds are used for the general purpose for which the grant was made. Records are subject to inspection during the life of the grant and for three years thereafter. Special record keeping requirements apply to fellowships. 224 FINANCIAL INFORMATION: Account Identification: 49-0106-0-1-251. Obligations: (Grants) FY 99 $663,000,000; FY 00 est $724,000,000; and FY 01 est $760,000,000. (Includes H-1B Nonimmigrant Petitioner Fees). Range and Average of Financial Assistance: From $2,500 to $4,000,000; $117,600. PROGAM ACCOMPLISHMENTS: In fiscal year 1999, approximately 2,460 awards were made and 13,720 proposals were received. In fiscal year 2000, approximately 2,550 awards will be made and 14,150 proposals are expected to be received; in fiscal year 2001, approximately 2,550 awards will be made and 14,180 proposals are expected to be received. H-1B Nonimmigrant Petitioner scholarship activity is estimated to result in over 100 awards to institutions in fiscal year 2001 resulting in over 8,000 scholarship opportunities. REGULATIONS, GUIDELINES, AND LITERATURE: 45 CFR Chapter VI; 48 CFR Chapter 25; "NSF Guide to Programs, FY 2001," NSF 01-3 (http://www.nsf.gov/cgi-bin/getpub?nsf013);
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