to 4 months. Appeals: None. Renewals: None. ASSISTANCE CONSIDERATIONS: Formula and Matching Requirements: None. Length and Time Phasing of Assistance: Awards are made annually. Following the initial, competitively selected award of up to 12 months, two additional 1-year, non-competing continuation awards may be made, for a total maximum term of 3 years. POST ASSISTANCE REQUIREMENTS: Reports: Annual progress and financial reports as required by EDGAR 34 CFR 75, unless otherwise required in the award document, are necessary. Audits: In accordance with the EDGAR, Appendix to 34 CFR 80, State and local governments that receive financial assistance of $100,000 or more within the State's fiscal year shall have an audit made for that year. State and local governments that receive between $25,000 and $100,000 within the State's fiscal year shall have an audit made in accordance with the Appendix to Part 80, or in accordance with Federal laws and regulations governing the programs in which they participate. Records: As required by the provisions in EDGAR for direct grant programs. Records related to grant funds, compliance, and performance must be maintained for a period of 5 years after completion, subject to the exceptions listed in EDGAR 34 CFR 74. FINANCIAL INFORMATION: Account Identification: 91-1100-2-1-503. Obligations: (Grants) FY 99 $200,000,000; FY 00 est $453,377,000; and FY 00 est $1,000,000,000. 324
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