New OMB Guideline M Directed federal agencies to take steps to ensure grantees to complete ARRA projects by 9/30/2013 Revise terms of Recovery Act discretionary grant agreements – To the extent permitted by law, to provide for reclamation of funds that remain unspent after 9/30/2013, absent a waiver issued by OMB pursuant to this memorandum

Effect of this Guideline Grants expiring on or before 9/30/2013 – No extension beyond Grants expiring after 9/30/2013 – Automatic NCE authority will be eliminated – Potential amendment of award expiration to 9/30/2013 – Extension beyond 9/30/2013 will require prior approval and waiver from OMB; request deadline 3/2/2012

Criteria for Granting Waiver Project is long-term by design; acceleration would compromise core programmatic goals Project must undergo complex environmental review that cannot be completed within said timeframe Contractual commitments between awardee and subrecipients/vendors legally prevent adjusting the timeline for spending Acceleration may cause unnecessary harm or unreasonable risk to vertebrate animals or human subjects