GCTA 4450 FISCAL LAW:
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Length: 3 pages (825 Words)
Federal awards have the ability to specify a period within which a non-federal entity might adopt federal funds. When this time is specified, the agreement will indicate the start and endpoint of the stated period. Where such a period is definite, a non-federal entity might only charge the award costs that result from obligations incurred within the funding period. The unobligated balances may be carried over and charged with the obligations of the subsequent funding period(Perez, 1959).
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