Period of Availability of Grant Funds. (1) Funding for each Grant, other than Grants for infrastructure and other Grants that are not Operational Grants, shall generally be available for one year. Funding for infrastructure and projects that are not funded by Operational Grants shall be available for obligation for the time period described in the terms and conditions of the Grants. (2) The Government of the Republic of the Xxxxxxxx Islands shall liquidate all Obligations incurred under a Grant not later than 90 days after the end of the funding period or as otherwise mutually agreed, to coincide with the submission of the final annual cash transactions report.
Appears in 2 contracts
Samples: Agreement Concerning Procedures for the Implementation of United States Economic Assistance, Agreement Concerning Procedures for the Implementation of United States Economic Assistance
Period of Availability of Grant Funds. (1) Funding for each Grant, other than Grants for infrastructure and other Grants that are not Operational Grants, shall generally be available for one year. Funding for infrastructure and projects that are not funded by Operational Grants shall be available for obligation for the time period described in the terms and conditions of the Sector Grants.
(2) The Government of the Republic Federated States of the Xxxxxxxx Islands Micronesia shall liquidate all Obligations incurred under a Grant not later than 90 days after the end of the funding period or as otherwise mutually agreed, to coincide with the submission of the final annual cash transactions report.
Appears in 1 contract
Samples: Agreement Concerning Procedures for the Implementation of United States Economic Assistance
Period of Availability of Grant Funds. (1) Funding for each Grant, other than Grants for infrastructure and other Grants that are not Operational Grants, shall generally be available for one year. Funding for infrastructure and projects that are not funded by Operational Grants shall be available for obligation for the time period described in the terms and conditions of the sector Grants.
(2) The Government of the Republic Federated States of the Xxxxxxxx Islands Micronesia shall liquidate all Obligations incurred under a Grant not later than 90 days after the end of the funding period or as otherwise mutually agreed, to coincide with the submission of the final annual cash transactions report.
Appears in 1 contract
Samples: Compact of Free Association
