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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 25 - Indians |
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Chapter VI - Office of the Assistant Secretary, Indian Affairs, Department of the Interior |
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Part 1187 - Indian Business Incubators Program |
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Subpart E - Grant Term and Conditions |
§ 1187.41 - May OIED renew a grant award?
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§ 1187.41 May OIED renew a grant award?
(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.