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Must grantees obligate 100% of funds by September 30, or can they reserve a portion of the funding to be awarded in years 2 and 3 based on subgrantee performance?

April 26, 2017funding funds grantees obligate portion Reserve september 30

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Must grantees obligate 100% of funds by September 30, or can they reserve a portion of the funding to be awarded in years 2 and 3 based on subgrantee performance?

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As indicated in the Notice, all funds must be obligated to subgrantees by September 30, 2009. However, grantees may establish spending or performance expectations, and they may recapture and reallocate funds from subgrantees who do not meet the requirements.