Is there an actual time period when RACP funds get reprogrammed?
Funds are reprogrammed only when a grantee receives an official termination letter from the Commonwealth of Pennsylvania. This includes when a project fails to submit an application or fails to draw down on the grant prior to the expiration of the grant agreement. 7. Given the Governor’s directive regarding the filing of the RACP application within six months of the award letter, will the funding be terminated from a project even if an extension request has been submitted before the deadline? Once the Governor releases funding for a particular project, an award letter is generated and forwarded to the grantee. The Office of the Budget must receive the grant application within six months of the date of that letter. If the grantee fails to submit the grant application within the allotted time frame, funding for the project may be terminated and re-allocated to another project. Most grantees have abided by this policy. Please be aware that the termination of an RACP project is at the disc
Related Questions
- While the binding commitment must be made at the commencement of the program period, may the actual contribution be made at a subsequent time? May the TNInvestco utilize funding tranches?
- How often can funds be drawn from PMS and is there a time limit from draw down to actual disbursement of the funds from the grantee organization? Does the limit apply to salaries?
- Must Fellowship funds be spent within a certain time period?
