§1187.41. May OIED renew a grant award?
25 C.F.R. § 1187.41
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:
The results of the annual evaluation of the awardee conducted under § 1187.50;
The performance of the awardee's business incubator, as compared to the performance of other business incubators receiving grants under the IBIP;
Whether the awardee continues to be eligible for the IBIP; and
The evaluation consideration for initial awards under § 1187.20.
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.
Notes, amendments, and revision history
Authority
Authority: 25 U.S.C. 2, 9; 25 U.S.C. 5801 et seq.
Source
Source: 86 FR 50257, Sept. 8, 2021, unless otherwise noted.