[Code of Federal Regulations]
[Title 14, Volume 5]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 14CFR1260.26]

[Page 288]
 
                     TITLE 14--AERONAUTICS AND SPACE
 
                   CHAPTER V--NATIONAL AERONAUTICS AND
                          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]