Common use of Submission Requirement Clause in Contracts

Submission Requirement. In accordance with Section 10339B, Foreign Financial Support, of the CHIPS and Science Act of 2022, (42 U.S.C. § 19040), each "recipient institution of higher education" must annually report all "current financial support, the value of which is $50,000 or more7, including gifts and contracts, received directly or indirectly from a foreign source" which is “associated with a foreign country of concern,” as defined in the PAPPG Introduction, Section D. The annual report requirement is per institution, not per award. Negative reports are required to be submitted. This requirement applies only to direct recipients of NSF funding. This does not include entities that receive subawards or individuals that are the beneficiaries of the award. The FFDR must be submitted electronically via ▇▇▇▇▇▇▇▇.▇▇▇ by an AOR or by an individual(s) authorized by the recipient to submit the foreign financial disclosure report to NSF.

Appears in 2 contracts

Sources: Cooperative Agreement, Cooperative Agreement