12.4 Grant Period

It is anticipated that STScI will award funding for a period of one to two years, depending on the nature and complexity of the project. If the requested support is for more than one year, funding for the project will be on an annual basis, with additional funding for each subsequent grant year awarded after a favorable review of an annual performance report that will be required.

Long-term projects that are approved for more than one cycle of observations will be funded on an annual basis. A budget for the analysis of current cycle observations must be submitted with an estimate of the funding requirements for subsequent cycles. Funding for subsequent cycles will be provided through an amendment to an existing STScI grant after the receipt of a detailed budget for each subsequent cycle by the budget deadline for that cycle.The Institute may request confirmation from PIs that the originally proposed allocation of funds among Co-investigator institutions remains appropriate after the first year of the multi-year program, and honor PI requests for readjustments that fit within the originally proposed total budget.