38 CFR 78.120 – Amount and payment of grants
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(a) Amount of grants. The maximum funding that a grantee may be awarded under this part is $750,000 per fiscal year.
Terms Used In 38 CFR 78.120
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(b) Payment of grants. Grantees are to be paid in accordance with the timeframes and manner set forth in the NOFO.