Puerto Rico Grant Agreement

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Multi-State
Control #:
US-ENTREP-0038-5
Format:
Word; 
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Description

Grant agreement is a legal instrument of financial assistance between a Federal awarding agency or pass-through entity and a non-Federal entity. The Grant Agreementis a written document memorializing the terms and conditions of an Award granted pursuant to the Plan and shall incorporate the terms of the Plan.
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FAQ

Hear this out loud PausePuerto Rico is a self-governing commonwealth in association with the United States. The chief of state is the President of the United States of America. The head of government is an elected Governor.

For the United States of America's NIH and NSF, a grant is a contractual agreement for work that will be done, with payments in anticipation of the work. An award is the actual funds. This description of the NIH Notice of Award and this one from NSF may illustrate the distinction.

A "grant" is a general term for funds that organizations receive that are not expected to be repaid. To receive a grant, organizations must compete for funds by submitting an application and undergoing an evaluation process. Grants may be awarded by state or local agencies, private foundations, or corporations.

Hear this out loud PauseOmar J. Marrero Diaz received a B.B.A. in Business Administration with a double concentration in Accounting and Finance from the University of Dayton (Ohio). He received his Juris Doctor degree from the Interamerican University of Puerto Rico, from where he graduated Summa Cum Laude.

Hear this out loud PauseThe executive branch is headed by the governor, currently Pedro Pierluisi, who is also the head of government.

It serves as a binding document that defines the responsibilities of districts and the state from the determination of the amount of eligible state funding to the reporting of all project funds, including any savings achieved.

Omar J. Marrero Diaz received a B.B.A. in Business Administration with a double concentration in Accounting and Finance from the University of Dayton (Ohio). He received his Juris Doctor degree from the Interamerican University of Puerto Rico, from where he graduated Summa Cum Laude.

The grant agreement defines what activities will be undertaken, the project duration, overall budget, rates and costs, the EU budget's contribution, all rights and obligations and more.

If the purpose is to acquire property or services for the direct benefit or use of the federal government, the agency is to use a procurement contract; if the purpose is to stimulate or support an activity that serves a public purpose, the agency is to use a grant or cooperative agreement.

Hear this out loud PausePuerto Rico has not become a state because of a combination of decisions taken ? or not taken ? by the mainland and the island. On the mainland, the U.S. government in 1898 did not feel much ?political pressure? to put Puerto Rico on a path to statehood or independence, Ponsa-Kraus said.

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Puerto Rico Grant Agreement