Assistance is released via the NOAA Financial Assistance Disbursement System. Awards are normally for a 12-month period but in some instances, award periods may extend beyond 12 months, or may be completed in less than 12 months. Funding is also used for anadromous fish habitat monitoring and coordination, fishery management planning and aquatic reef designs. Reporting requirements are outlined in the Terms and Conditions of the Financial Assistance Award. Progress reports summarize work accomplished and explain situations where work has not been completed.
Financial reports indicate use of funds during reporting period.
Commercial organizations shall be subject to the audit requirements as stipulated in the award document. All records must be maintained for a period of three years from the date of the final financial report for each award.