Q-09. What is the period of availability for FAA to obligate AIG funds?
Approximately $2.91 billion (approximately $2.89 billion of AIG Allocated funds and $20 million FCT Competitive funds) is available annually starting fiscal year (FY) 2022 through FY 2026. Funds not obligated at the end of the fourth FY will be recovered and made available for competitive grants in the fifth year. See Q-F3.
| FY funds are first made available: | Funds must be obligated (under grant) by*: | Any unobligated funds must be obligated (under grant) as competitive grants in: |
|---|---|---|
| 2022 | September 30, 2025 | FY 2026 |
| 2023 | September 30, 2026 | FY 2027 |
| 2024 | September 30, 2027 | FY 2028 |
| 2025 | September 30, 2028 | FY 2029 |
| 2026 | September 30, 2029 | FY 2030 |
*Applications for grant should be submitted by June to meet the September 30 obligation date.