---
kind: "section"
citation: "50 C.F.R. § 86.61"
title: "50"
number: "86.61"
heading: "What happens after the Director approves projects for funding?"
url: "https://uscodex.org/cfr/50/86.61"
---

# §86.61. What happens after the Director approves projects for funding?

- (a) **After the Director approves projects for funding, we notify successful applicants of the—**
  - (1) Amount of the grant;
  - (2) Documents or clarifications required, including those required for compliance with applicable laws and regulations;
  - (3) Approvals needed and format for processing approvals; and
  - (4) **Time constraints.**
- (b) After we receive the required forms and documents, we approve the project and the terms of the grant and obligate the grant in the Federal financial management system.
- (c) BIG funds are available for Federal obligation for 3 Federal fiscal years, starting October 1 of the fiscal year that funds become available for award. We do not make a Federal obligation until you meet the grant requirements. Funds not obligated within 3 fiscal years are no longer available.

## Notes

### Authority

Authority: 16 U.S.C. 777c, g, and g-1.

### Source

Source: 80 FR 26161, May 6, 2015, unless otherwise noted.