This program has no statutory formula. Projects are funded at up to 100 percent of the Federal share. Depending upon the Authorization, grantee matching contributions may be required. Awards are normally for a 12 month period. In some instances, award periods may extend beyond 12 months, or may be completed in less than 12 months.
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. Progress reports summarize work accomplished and explain situations where expected work has not been completed. 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 sub grantees are required to be maintained by the terms of the agreement. The grantee must retain records for three years from the date when the final financial status report is submitted.