42 USC § 5027 - Multiyear grants or contracts
(a)
Maximum period; compliance requirements where period exceeds 1 year; pro rata reductions where funding below prior fiscal year amounts
(1)
Subject to paragraph (2) and the availability of funds, the Director may make a grant or enter into a contract under part A, B, or C of this subchapter for a period not to exceed 3 years. Each applicant who receives a grant, or enters into a contract, under such part for a period exceeding 1 year shall comply with such regulations as the Director may issue to require such applicant—
(2)
If the amount appropriated for any fiscal year to carry out part A, B, or C of this subchapter in a period during which multiyear grants or contracts are in effect under such part is less than the amount appropriated to carry out such part in the first fiscal year in such period, then the amounts payable under all such grants and contracts in effect in such period under such part shall be reduced pro rata.
(b)
Documentation, etc., by applicant of meaningful administrative savings from multiyear grant or contract
The Director shall require each applicant for a multiyear grant or contract under this section, to document or describe in the application any meaningful administrative savings that will result from such multiyear grant or contract.
(c)
Single-year grant or contract
If an applicant does not receive a multiyear grant or contract under this section, the Director shall consider such applicant for a single-year grant or contract.
(d)
Projects for multiyear periods to be treated as single-year projects for specified purposes
If the Director approves an application for a contract or grant to carry out a project for a multiyear period as referred to in subsection (a) of this section, the Director shall ensure that such project shall be treated in the same manner as a single-year contract or grant with respect to—
(2)
any adjustments to Federal financial assistance that may be available under section
5026 of this title; and
(a)
Maximum period; compliance requirements where period exceeds 1 year; pro rata reductions where funding below prior fiscal year amounts
(1)
Subject to paragraph (2) and the availability of funds, the Director may make a grant or enter into a contract under part A, B, or C of this subchapter for a period not to exceed 3 years. Each applicant who receives a grant, or enters into a contract, under such part for a period exceeding 1 year shall comply with such regulations as the Director may issue to require such applicant—
(2)
If the amount appropriated for any fiscal year to carry out part A, B, or C of this subchapter in a period during which multiyear grants or contracts are in effect under such part is less than the amount appropriated to carry out such part in the first fiscal year in such period, then the amounts payable under all such grants and contracts in effect in such period under such part shall be reduced pro rata.
(b)
Documentation, etc., by applicant of meaningful administrative savings from multiyear grant or contract
The Director shall require each applicant for a multiyear grant or contract under this section, to document or describe in the application any meaningful administrative savings that will result from such multiyear grant or contract.
(c)
Single-year grant or contract
If an applicant does not receive a multiyear grant or contract under this section, the Director shall consider such applicant for a single-year grant or contract.
(d)
Projects for multiyear periods to be treated as single-year projects for specified purposes
If the Director approves an application for a contract or grant to carry out a project for a multiyear period as referred to in subsection (a) of this section, the Director shall ensure that such project shall be treated in the same manner as a single-year contract or grant with respect to—
(2)
any adjustments to Federal financial assistance that may be available under section
5026 of this title; and
Source
(Pub. L. 93–113, title II, § 227, as added Pub. L. 101–204, title V, § 507,Dec. 7, 1989, 103 Stat. 1818.)
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Friday, May 3, 2013
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