[Code of Federal Regulations]

[Title 14, Volume 5]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 14CFR1260.26]



[Page 286]

 

                     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



                               August 2003



    (a) Advance payments through a Letter of Credit will be made by the 

Financial Management Office of the NASA Center assigned financial 

cognizance of the grant, using the Department of Health and Human 

Services' Payment Management System (DHHS/PMS), in accordance with 

procedures provided to the Recipient. The Recipient shall submit a 

Federal Cash Transactions Report (SF 272), and, when applicable, a 

Continuation Sheet (SF 272A) electronically to DHHS/PMS within 15 

working days following the end of each Federal Fiscal quarter (i.e., 

December 31, March 31, June 30, and September 30). One Federal Cash 

Transactions Report shall be submitted for all grants financed under a 

letter of credit arrangement with each NASA Center.

    (b) In addition, the Recipient shall submit a final SF 272 in paper 

form to NASA within 90 calendar days after the expiration date of the 

grant. The final SF 272 shall pertain only to the completed grant and 

shall include total disbursements from inception through completion. The 

report shall be marked ``Final''. The final SF 272 shall be submitted to 

the Financial Management Office, with a copy sent to the NASA Grant 

Officer.

    (c) 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]



[68 FR 50469, Aug. 21, 2003]