Projects are accepted at up to 100 percent Federal share. Awards are usually for a 12-month period. In some instances, award periods may extend beyond 12 months. The funding is spent in the award's budget period unless otherwise negotiated between the recipient and NOAA and approved by the NOAA Grants Management Division. Specific restrictions, other than those mandated for grants, are evaluated on an individual grant or program basis.
Reports are due in accordance with the terms and conditions of the award.
The Department's Financial Assistance Standard Terms and Conditions generally require that financial and performance reports be submitted semi-annually or as otherwise required under special award conditions. Progress reports summarize work accomplished, relate the progress to the original approved proposal and timelines, explain situations where expected work has not been completed, and request modifications to the project plan as necessary. Commercial organizations shall be subject to the audit requirements as stipulated in the award document. All financial and programmatic records, supporting documents, statistical reports, and other records of grantees or subgrantees are required to be maintained in accordance with the terms of the award. The recipient must retain records for 3 years from the date when the final financial status report is submitted.