14 CFR Part 1260

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

14 CFR Part 1260

NASA Research Grant Handbook, Inventory Listings; Reporting Period and

Due Date

AGENCY: Office of Procurement, Procurement Policy Divisions, National

Aeronautics and Space Administration (NASA).

ACTION: Interim rule.

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SUMMARY: NASA has revised its Research Grant Handbook to change the

reporting period and report due date for annual equipment inventory

listings from June 30 and July 31, respectively, to September 30 and

October 31, respectively. This regulation is issued as an interim rule

to avoid unnecessary work by grantees to comply with the present

reporting requirements and to ensure that new awards reflect the

revised requirements.

DATES: This interim rule is effective August, 1, 1994.

Comments are due on or before September 30, 1994.

ADDRESSES: Comments should be addressed to Tom O'Toole, NASA

Headquarters, Office of Procurement, Procurement Policy Division (Code

HP), Washington, DC 20546.

FOR FURTHER INFORMATION CONTACT:

Tom O'Toole, telephone: (202) 358-0478.

SUPPLEMENTARY INFORMATION:

Background

The Research Grant Handbook, 14 CFR part 1260, NHB 5800.1C,

currently requires recipients of grants and cooperative agreements to

submit an annual inventory of all Government furnished property. The

reporting period and report due date, however, are not on a fiscal year

basis, thereby creating an inconsistency with other financial data

reported on a fiscal year basis. This FR notice changes the inventory

report period and due date to a fiscal year basis.

Availability of NASA Grant Handbook

The NASA Research Grant Handbook, of which this regulation will

become a part, is codified in 14 CFR part 1260 and is available in its

entirety on a subscription basis from the Superintendent of Documents,

Government Printing Office, Washington, DC 20402, (202) 783-3238. Cite

GPO Subscription Stock Number 933-001-00000-8. It is not distributed to

the public, whether in whole or in part, directly by NASA.

Impact

NASA certifies that this interim rule will not have a significant

economic effect on a substantial number of small entities within the

meaning of the Regulatory Flexibility Act (5 U.S.C. 601 et seq.). The

reporting or recordkeeping requirements subject to the Paperwork

Reduction Act are approved under OMB control number 2700-0047 through

November 30, 1995.

List of Subjects in 14 CFR Part 1260

Grants.

Tom Luedtke,

Deputy Associate Administrator for Procurement.

Accordingly, 14 CFR part 1260 is amended as follows:

PART 1260--GRANTS AND COOPERATIVE AGREEMENTS

1. The authority citation for 14 CFR part 1260 continues to read as

follows:

Authority: Pub. L. 97-258, 31 U.S.C. 6301 et seq.

Subpart 1260.4--Provisions and Special conditions

2. Section 1260.408 is amended by revising the undesignated center

heading preceeding paragraph (a) and the first two sentences of

paragraph (h) to read as follows:

Sec. 1260.408 Equipment and other property.

Equipment and Other Property (Jul. 1994)

* * * * *

(h) Annually by October 31, the grantee shall submit an

inventory report which lists all Government furnished equipment in

its custody as of September 30. The original of the report shall be

submitted directly to the installation financial management officer,

and two copies to the administrative grants officer. The grantee

shall also submit two copies of a final inventory report to the

administrative grants officer by 60 days after the expiration date

of the grant. * * *

Subpart 1260.6--Reports

3. Section 1260.604 is revised to read as follows:

Sec. 1260.604 Inventory listings of equipment.

As provided in Sec. 1260.408(h), an annual inventory listing of

Government furnished equipment will be submitted by October 31 of each

year. The grantee shall provide 1 copy of the listing directly to the

installation financial management officer, and 2 copies to the

administrative grant officer. The administrative grant officer will

provide 1 copy to the installation industrial property officer. The

listing shall include the information specified in Sec. 1260.507(a)(1)

and beginning and ending dollar value totals for the reporting period.

A final inventory report of Government furnished equipment and grantee

acquired equipment is due 60 days after the end of the grant, in

accordance with Sec. 1260.408(h). Upon receipt of the final inventory

report, the administrative grant officer will provide 1 copy to the

technical officer and 1 copy to the NASA installation industrial

property officer.

[FR Doc. 94-18535 Filed 7-29-94; 8:45 am]

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