§ 40.125-1 Limitations on duration.
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
(a) [Reserved]
(b) No research or demonstration grant shall be approved for a project period in excess of 5 years.
(c) The grant award official may extend the budget and project periods for up to an additional 12 months without additional grant funds, when such extensions are in the best interest of the Government.
[42 FR 56057, Oct. 20, 1977, as amended at 72 FR 52010, Sept. 12, 2007]
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