4, Seattle, WA 98115-0070. This program has no statutory formula. NOAA may fund up to 100 percent of project costs. Grantees matching contributions are not required, but are encouraged. 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.
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. 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 recipients or subrecipients must be maintained in accordance with the terms of the award. Generally, the recipient must retain records for 3 years from the date on which the final expenditure report is submitted.