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. Funds cannot be used for law enforcement, public relations, or construction of facilities and vessels, the primary purpose of which is to commercially harvest, handle, and process fishery products. In addition, funds cannot be used for projects in the Columbia River Basin, with the exception of the state of Idaho. Reporting requirements are outlined in the Terms and Conditions of the Financial Assistance Award. Progress reports summarize work accomplished and explain situations where expected work has not been completed.
Financial reports indicate use of funds during the quarter.
Commercial organizations shall be subject to the audit requirements as stipulated in the award document. All records of accounts and supporting documents will be retained by recipient and subcontractors for a period of three years from date of submission of final expenditure report.