[Code of Federal Regulations]

[Title 7, Volume 15]

[Revised as of January 1, 2006]

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

[CITE: 7CFR3016.23]



[Page 162-163]

 

                          TITLE 7--AGRICULTURE

 

                         CHAPTER XXX--OFFICE OF

                      THE CHIEF FINANCIAL OFFICER,

                        DEPARTMENT OF AGRICULTURE

 

PART 3016_UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE 

AGREEMENTS TO STATE AND LOCAL GOVERNMENTS--Table of Contents

 

                    Subpart C_Post-Award Requirements

 

Sec. 3016.23  Period of availability of funds.



    (a) General. Where a funding period is specified, a grantee may 

charge to the award only costs resulting from obligations of the funding 

period unless carryover of unobligated balances is permitted, in which 

case the carryover balances may be charged for costs resulting from 

obligations of the subsequent funding period.



[[Page 163]]



    (b) Liquidation of obligations. A grantee must liquidate all 

obligations incurred under the award not later than 90 days after the 

end of the funding period (or as specified in a program regulation) to 

coincide with the submission of the annual Financial Status Report (SF-

269). The Federal agency may extend this deadline at the request of the 

grantee.