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To avoid possible delays in processing a payment request, You should explain unusually high payment requests when they are submitted to IMLS. Advance Payment Unless otherwise stated in the special terms and conditions of the grant award notification (or subsequent action), you are authorized to be paid on an advance basis through electronic funds transfer, provided that the following conditions exist: L Funds for the project period have been obligated in the form of a signed grant award notification; 2. You maintain or demonstrate the willingness to maintain written procedures that will minimize the tirrre elapsing between the transfer of funds to you from the U.S. Treasury and your disbursement of such funds; 3. Your financial management system meets the standards for fund control and accountability prescribed in 2 CFR Part 215 (formerly OMB Circular A -110) or 45 CFR § 1183.20; and 4. Your SAM.gov registration is current and active. Requests for advance payment must be limited to your inanediate cash needs. Advance payments must be fully disbursed (example: checks written, signed, and issued to the payees) within 30 days of the date you receive the advance funds from the U.S. Treasury. Advance payment requests for must be submitted no earlier than 15 business days prior to the beginning of the period for which the funds are requested, Frequency of Requests You may submit a payment request whenever grant funds are needed. Requests for advance payment must be submitted no earlier than 15 business days prior to the beginning of the period for which the funds are requested. Grantees that email payment requests to IMLS can normally expect payment via electronic transfer within ten business days. Mailed payment requests will take longer to process. Limitations on Advance Pates Requests for advance payment must be limited to immediate cash needs. Federal funds advanced to the recipient must be fully disbursed (example: checks written, signed, and issued to the payees) within 30- days of the date you receive the advance funds from IMLS. To avoid possible delays in processing a payment request, you should explain unusualty high payment requests when they are submitted to IMLS. Reporting on Advance Payments You are required to report on the status of funds received from hMLS within 30 days of receiving an advance, using either Section I t or Section 12 of the SF270 form. This form must be submitted for reporting, even if no additional funds are being requested. The next request for payment will not be approved until the outstanding advance has been fully liquidated by the recipient. rl-