The Department of the Interior protects and provides access to the Nation's natural and cultural heritage, including responsibilities to Indian tribes and island communities. Departmental goals include resource protection and usage, overseeing recreational opportunities, serving communities and excellence in management.
Uses and Use Restrictions
No specific restrictions on use.
Revenue from effected leases will trigger automatic payment distribution computed in accordance with the law.
Limited to Leases A-028056, A-028063, A-028135, A-028143, A-028103, A-028140, A-19230, A028055, and A-028047.
No Credentials or documentation are required. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles.
Aplication and Award Process
Preapplication coordination is not applicable.
Environmental impact information is not required for this program.
This program is excluded from coverage under E.O.
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. No application is necessary.
Automatic distribution is made as authorized by law.
Public Lands; January 12, 1990 Settlement, 43 U.S.C 1635(l).
Range of Approval/Disapproval Time
Formula and Matching Requirements
Statutory formulas are not applicable to this program. Matching requirements are not applicable to this program. MOE requirements are not applicable to this program.
Length and Time Phasing of Assistance
Not applicable. See the following for information on how assistance is awarded/released: Information not available.
Post Assistance Requirements
In accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, non-Federal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-Federal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503.
(Direct Payments for Specified Use) FY 17 $23,000; FY 18 est $28,000; and FY 19 est $31,000
Range and Average of Financial Assistance
Regulations, Guidelines, and Literature
Regional or Local Office
See Regional Agency Offices. U.S. Department of the Interior, Office of Natural Resources Revenue, Financial Management Division, Denver Federal Center, MS 63210B, P.O. Box 25165, Denver, CO 80225-0165.
Director Office of Natural Resources Revenue, 1849 C Street, NW, Mail Stop 4211, Washington, District of Columbia 20240 Phone: (202) 513-0600
Criteria for Selecting Proposals
Established by Big Society Capital and the Northern Rock Foundation, the North East Social Investment Company is soon to be launched for lending by mid-2014.