Common use of COOPERATIVE AGREEMENT PERIOD AND INCREMENTAL FUNDING Clause in Contracts

COOPERATIVE AGREEMENT PERIOD AND INCREMENTAL FUNDING. For the purpose of Social Innovation Fund Cooperative Agreements, a project period is the complete length of time an Awardee is proposed to be funded to complete approved activities under the agreement. A project period may contain one or more budget periods. A budget period is a specific interval of time for which Federal funds are being provided to fund an Awardee's approved activities and budget. Unless otherwise specified, the Awardee’s Cooperative Agreement covers a five-year project period. In approving a multi-year project period, the Corporation generally makes an initial award for the first year of operation. Additional funding is contingent upon satisfactory performance and the availability of funds. The project period and the budget period are noted on the Notice of Grant Award.

COOPERATIVE AGREEMENT PERIOD AND INCREMENTAL FUNDING. For the purpose of Social Innovation Fund Cooperative Agreements, a project period is the complete length of time an Awardee is proposed to be funded to complete approved activities under the agreement. A project period may contain one or more budget periods. A budget period is a specific interval of time for which Federal funds are being provided to fund an Awardee's approved activities and budget. Unless otherwise specified, the Awardee’s Cooperative Agreement covers a five-year project period. In approving a multi-year project period, the Corporation CNCS generally makes an initial award for the first year of operation. Additional funding is contingent upon satisfactory performance as determined by CNCS and the availability of funds. The project period and the budget period are noted on the Notice of Grant Award.