Grant awards run for three to five years
What the document says“Each award for grants under the heading ``Federal Emergency Management Agency--Federal Assistance'' for paragraphs (1) through (10) and (12), shall have a period of performance, as defined by 2 CFR 200.1, that shall be of not less than three years and not more than five years.”
Section 312. For eleven of the fourteen allocations in the federal assistance account, each award must carry a period of performance, as that term is defined in the federal grant regulations at 2 CFR 200.1, of at least three years and at most five.
What the document actually says“Each award for grants under the heading ``Federal Emergency Management Agency--Federal Assistance'' for paragraphs (1) through (10) and (12), shall have a period of performance, as defined by 2 CFR 200.1, that shall be of not less than three years and not more than five years.”
Each of these grants must run at least three years. None may run more than five.
The period of performance is the window to spend. A short window pushes money out fast. This sets a floor and a ceiling.
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