The Federal Register is responsible for announcing the availability of funds for grant projects. Approved projects are usually listed in the Catalog of Federal Domestic Assistance (CFDA). Searching in this list is offered free and these are available through the Internet as well as the public library. When applying for a money grant, an applying agency or individual must need to explain how it shall be used. The application must all be accomplished with detailed contact information. These applications will be reviewed, judged and awarded. Successful grantees must adhere to the performance standards, reports and regular audits of the government.
For beneficiaries of government grants, the government imposes strict monitoring of the projects. This is to check if they meet its detailed standards as to the duration, proper implementation, and funding period of the grant. In relation to the grant application, detailed program goals must be developed, approved and imposed. Changes or alternations to the plan have to be approved by the government. All money grants must be spent; expenditures for the project are strictly accounted for and occasionally audited by the government. Unused funds go directly back to the Treasury. Project phases must be completed on time, which should prove a demonstrable success.
One must fulfill their obligation to perform the requirements needed for the grant. As this is solely granted by the government, it is expected that the funds go directly to the approved project. Failure to comply the arrangements will result to penalties and other economic sanctions such as imprisonment or large fines.
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