9
Grants - Eligibility Requirements
•Time requirements
–Affect the timing of recognition of nonexchange transactions
–Grant provider or legislation specifies time period during which funds may be spent or when use of funds is first permitted
–Example
•Grant period October 1, 2001 through September 30, 2002
Required characteristics of recipients - recipient has the characteristics specified by the provider

Time requirements - usually specified in enabling legislation, such as specification of the grant period

Reimbursements - provider offers resources on a reimbursement basis and the recipient has incurred allowable costs under the program

Contingencies - Specific action required by the provider has occurred, such as paying the required match on a grant program or raising a certain amount of money to be matched by the provider.