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C. Extensions to the Period of Performance <br />Extensions to the period of performance will be considered only through formal requests <br />to FEMA with specific and compelling justifications as to why an extension is required. <br />Agencies should request extensions sparingly and expect extensions to be granted only <br />under exceptional circumstances. For additional information on period of performance <br />extensions, refer to Information Bulletin (IB) 379 located at <br />h� / /vvww Tema QOVlvrants /Pram- programs- directorate- inforarratcon bulletins, <br />D. Risk Methodology <br />Based upon the requirements of the Homeland Security Act of 2002, as amended, DES <br />continues to inform final grant allocation decisions based upon risk. DHS defines risk as: <br />"potential for an unwanted outcome resulting from an incident, event, or occurrence, as <br />determined by its likelihood and the associated consequences" (see <br />http: / /www.dhs.Lovlclibrary /assets /dlis- risk- lexicon -2010 P(O. DHS utilizes a <br />comprehensive risk methodology focused on three principal elements: <br />• Threat — likelihood of an attack being attempted by an adversary; <br />• Vulnerability — likelihood that an attack is successful, given that it is attempted; and <br />• Consequence — effect of an event, incident or occurrence <br />The risk methodology determines the relative risk of terrorism faced by a given area. It <br />takes into account the potential risk of terrorism to people, critical infrastructure, and <br />economic security. The threat analysis continues to account for threats from domestic <br />violent extremists as well as international terrorist groups and those individuals inspired <br />by terrorists abroad. <br />SHSP Allocations <br />FY 2014 SHSP funds will be allocated based on three factors: minimum amounts as <br />legislatively mandated, DHS' risk methodology, and anticipated effectiveness of <br />proposed projects. The anticipated effectiveness is assessed based on the applicant's <br />description of how the proposed projects, as outlined in the Investment Justification (If), <br />align with the State THIRA and SPR results, Each State and territory will receive a <br />minimum allocation under SHSP using the thresholds established in the Homeland <br />Security Act of 2002, as amended. All 50 States, the District of Columbia, and Puerto <br />Rico will receive 0.35 percent of the total funds allocated for grants trader Section 2003 <br />and Section 2004 of the Homeland Security Act of 2002, as amended. Four territories <br />(American Samoa, Gumn, the Northern Mariana Islands, and the U.S. Virgin Islands) will <br />receive a minimum allocation of 0,03 percent of the total funds allocated for grants tinder <br />Section 2003 and 2004 of the Homeland Security Act of 2002, as amended. For details on <br />program - specific funding amounts, refer to Appendix A — FY 2014 Program Allocations. <br />UASI Allocations <br />FY 2014 UASI funds will be allocated based on DHS' risk methodology and then on <br />anticipated effectiveness of proposed projects. The anticipated effectiveness is assessed <br />based on the applicant's description of how the proposed projects, as outlined in the U, <br />align with the Urban Area THIRA. Eligible candidates for the FY 2014 UASI program <br />FY 2014 HSGP FOA <br />