In some instances, award periods may extend beyond 12-months. The funding is spent in the award's budget period unless an extension is requested by the principal investigator and approved by NOAA Grants Office. Since many cooperative projects with universities depend upon student labor there are times when unfunded extensions are required. Funds can be used to support research and development on issues related to the forecasting of surface hydrologic conditions. 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 quarterly. Commercial organizations shall be subject to the audit requirements as stipulated in the award document. Records will be retained in accordance with provisions of OMB Circular No. A-110 for institutions of higher education, other nonprofit organizations, and commercial organizations and in accordance with 15 CFR Part 24 for State and local governments.