Grand Periods

Grant Periods

Grant Period is the period of time between the effective date and the expiration date of a grant.

Definitions

Effective date is the date specified in the grant notice on or after which, except for fixed amount awards, payroll may be charged to the grant.

Expiration date is the date specified in the grant notice after which payroll may not be charged against the grant except to satisfy obligations to pay allowable payroll costs committed on or before that date.

Significance

Except in fixed amount awards, the Office of Research gives authority to the PI to commit and expend payroll for allowable costs in support of the project up to the amount specified in the grant notice at any time during the grant period.