In fiscal year 2000, about 1,150 proposals are expected to be received and about 675 awards will be made, and in fiscal year 2001, about 1,200 proposals are expected and about 800 awards will be made. This program has no statutory formula. Institutions are required to share in the cost of each research project. This may be accomplished by a contribution to any cost element, direct or indirect. In general, cost-sharing is not required for awards made solely for symposia, conferences and workshops, publication, education and training, facilities, equipment, ship operations, or travel.
Assistance is disbursed by letter of credit or as required.
Funds may not be used for purposes other than those specified in the proposal. Periodic reviews as necessary in each case. Annual and final fiscal reports are required. 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.