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Office of National Drug Control Policy Attacleenent to Ave~ard # I2IslEIIP504 <br /> Page 3 of 6 <br /> 2. Payment Basis <br /> OME Standard Form 270 -Request for Advance or Reimbursement" shall be used to <br /> request payment. Copies of invoices, payroll registers, and canceled checks must <br /> accompany the SF 270 to provide documentation -for the reimbursement request. Request <br /> for advances will be accompanied by detail speci$yying the obligation. Documentation of <br /> how the advance was spent must be submitted befare another advance or reimbursement <br /> can be requested. Funding for this award is authorized to be paid on a monthly basis. <br /> Payments will be made via Electronic -Fund `t`ransfer to the award recipient's bank account. <br /> Recipients are therefore requested to provide the following information in t3lock 10 of the <br /> SF 270: bank name, bard address, bank telephone number, point of contact at the bank, <br /> American Bankers Association (AEA) number, and account number. 'This will provide the <br /> banking information needed to make payments to the proper bank account. 'The bank must <br /> be FDIC insured. It is desirable that tl~e bank be a member of the Federal Reserve System. <br /> The account must be interest bearing. (All payments greater than $25,000 must be made <br /> by EF'T. Recipients must request a waiver from this provision for payments less than <br /> $25,000). <br /> Except for interest earned ore advances of fiends exempt under the Intergovernenenta! <br /> Cooperaction Act (31 1~.S.C. 5501 et seq.) and flee &ndiaee Self Detereninatiesn Act (23 <br /> iJ.S.C. 450), grantees and seebgraeets shall proently, but at least quarterly, remit <br /> interest earned on advaeaceg to DNDCIP. `Flee g~°aeatee or seebgraeetee €nay keep interest <br /> ageeounts up to $100 per year for administrative purposes. (21 CFIt Sectioes 1403.211) <br /> 3. Reporting Requirements <br /> Financial Status Reports (OMI3 Standard Form 269) will be required quarterly during the <br /> award period and at the end of the award. Performance reports will be required as <br /> specified in the Program Guidance. <br /> <br /> Note that the final financial reports should be cumulative for the entire award period. <br /> Performance Reports: Due as specified in the Program Guidance. <br /> Financial Status Reports (®IVID Standard Foras~: 269) should be submitted to Office of <br /> National Drug Control Policy, 750 17`h Street, NVV, '~ashieegton DC 20503. Attn: <br /> Phuong DeSear, I3ooe~t 53g. Phone: 202-395-6739, Fax: 202-395-5176. <br /> _ _ <br /> <br />