§ 1187.41. May OIED renew a grant award?
136 words·~1 min read·
/us/cfr/t25/s§ 1187.41·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)OIED may renew a grant award under the IBIP for one additional three-year term. In determining whether to renew a grant award, OIED will consider for the awardee:
(1)The results of the annual evaluation of the awardee conducted under § 1187.50;
(2)The performance of the awardee's business incubator, as compared to the performance of other business incubators receiving grants under the IBIP;
(3)Whether the awardee continues to be eligible for the IBIP; and
(4)The evaluation consideration for initial awards under § 1187.20.
(b)Awardees that receive a grant renewal must provide non-Federal contributions in an amount not less than 33 percent of the total amount of the grant. Failure to provide the non-Federal contribution will result in noncompliance and OIED withholding of funds, unless OIED waives the requirement under § 1187.43.