applications are provided on a case by case basis. All applicants must demonstrate the legal, financial, and technical ability to conduct the educational programs proposed. This program is excluded from coverage under OMB Circular No. A-110. Award Procedure: Written notification with follow-up issuance of formal transfer of title. Deadlines: Twenty days from notice of availability to express interest in acquiring the property; 25 days from close of the expression of interest period to develop and submit applications. Range of Approval/Disapproval Time: Thirty to 90 days for tentative decisions, after receipt of the application, and 90 to 360 days to the formal transfer of a title. Appeals: Not applicable. Renewals: Not applicable. ASSISTANCE CONSIDERATIONS: Formula and Matching Requirements: Recipient must cover all expenses for improvement, renovation, repair, maintenance, and operation of the program and facilities. 275 Length and Time Phasing of Assistance: Up to 30 years. The fair market value (FMV) of the property is amortized over a period of time established based on the type of property acquired. Public benefit discount of the FMV is granted when public educational programs are being conducted. POST ASSISTANCE REQUIREMENTS: Reports: An annual written report of activities by the recipient. Audits: On-site audits are conducted during the period of restriction to assure
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