Page History
Appropriated fund time limits fall into two categories: expiration and cancellation. Each has unique restrictions, so understanding these time limits a good understanding of each is integral to proper and efficient management of financial assistance awards. Anchor top top
...
For necessary expenses of the United States Fish and Wildlife Service, as authorized by law, and for scientific and economic studies, general administration, and for the performance of other authorized functions related to such resources, $1,255,004,000 (reduced by $1,000,000) (increased by $1,000,000), to remain available until September 30, 2018. [3]
Time Limit Categories
...
The Service's program offices that award financial assistance awards need to be aware of both the expiration and cancellation time limits related to federal appropriations.
...
Looking back to our example above, the FY2017 Resource Management funds obligated to FA awards have a five-year period following the appropriation's expiration before being cancelled. This means that these funds are available to the recipient to liquidate project costs until September 30, 2023. After this date, however, those funds are canceled, even though obligated, and the program office must then take steps to backfill the cancelled funds on the FA award; typically with newer appropriations. This, as you can see, is not good. It means the program office is essentially paying a portion of the project twice.
Federal Awarding Agency compliance with appropriation time limits
...
Federal agencies spend appropriated funds properly via application of what is know as "the bona fide need rule", which establishes that an appropriation is available for obligation only to fulfill a genuine, or bona fide, need of the period of availability for which it was made. [7]
Frequently Asked Questions
...
For example, if NOAA issues appropriated funds to a FWS program via an IAA, and the FWS program issues an FA award with those funds, the FWS program must obligate the funds prior to the expiration date of the appropriation for NOAA funds obligated from the IAA.
Learning Aids
...
View file name Resource Mgmt Approp in FA 3.15.2017.pdf height 250
HT: https://www.adr.gov/adrguide/afmc.html
Resources
...
References
...
