[Code of Federal Regulations]
[Title 14, Volume 5, Parts 1200 to end]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 14CFR1260.26]

[Page 282]
 
                     TITLE 14--AERONAUTICS AND SPACE
 
                          SPACE ADMINISTRATION
 
PART 1260--GRANTS AND COOPERATIVE AGREEMENTS--Table of Contents
 
                           Subpart A--General
 
Sec. 1260.26  Financial management.

                          Financial Management

                              October 2000

    (a) Advance payments by electronic funds transfer will be made by 
the Financial Management Office of the NASA Center which issued the 
grant in accordance with procedures provided to the recipient. The 
Recipient shall submit Federal Cash Transaction Reports (SF 272) to the 
aforementioned office and to the Administrative Grant Officer (if NASA 
has delegated administration) within 15 working days following the end 
of each Federal fiscal quarter, containing current estimates of the cash 
requirements for each of the four months following the quarter being 
reported. There will be a phase-in term for NASA adoption of an 
automated 272 system not requiring the forecast estimates. It is 
anticipated that this forecast requirement will be deleted no later than 
October 1, 2001. The final SF 272 is due within 90 days after the 
expiration date of the grant. The final SF 272 shall be submitted to the 
Financial Management Office, with copies sent to the NASA Grant Officer, 
and to the Administrative Grant Officer when the Office of Naval 
Research (ONR) has been delegated grant closeout responsibilities.
    (b) Unless otherwise directed by the Grant Officer, any unexpended 
balance of funds which remains at the end of any funding period, except 
the final funding period of the grant, shall be carried over to the next 
funding period, and may be used to defray costs of any funding period of 
the grant. This includes allowing the carry over of funds to the second 
and subsequent years of a multiple year grant. This provision also 
applies to subcontractors performing substantive work under the grant. 
For grant renewals, the estimated amount of unexpended funds shall be 
identified in the grant budget section of the recipient's renewal 
proposal. NASA reserves the right to remove unexpended balances from 
grants when insufficient efforts have been made by the grantee to 
liquidate funding balances in a timely fashion.
[End of provision]

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