Treasury Section 1603 grant sequestration rate 7.2% for FY2014

Alternative & Renewable Energy Tax Newsalert

Recent guidance from the National Renewable Energy Laboratory (NREL) announces that the sequestration rate applicable to Treasury Section 1603 grant programs will be 7.2% for awards made between October 1, 2013 and September 30, 2014. While NREL has not been closed due to the current federal government 'shutdown', furloughs of Treasury department staff may delay final awards to grant applicants.



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