Section 108 Foreign Currency Program (FY2020)

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Funding Opportunity ID: 325024
Opportunity Number: 2020-08
Opportunity Title: Section 108 Foreign Currency Program (FY2020)
Opportunity Category: Other
Opportunity Category Explanation: PL-480 Market Development and Technical Assistance
Funding Instrument Type: Grant
Category of Funding Activity: Agriculture
Category Explanation:
CFDA Number(s): 10.617
Eligible Applicants: State governments
County governments
City or township governments
Public and State controlled institutions of higher education
Native American tribal governments (Federally recognized)
Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education
Private institutions of higher education
For profit organizations other than small businesses
Additional Information on Eligibility: Any United States private or government entity with a demonstrated role and interest in exporting U.S. agricultural commodities may apply to the program. Government organizations consist of Federal, State, and local agencies. Private organizations include non–profit trade associations, universities, agricultural cooperatives, state regional trade groups, and profit–making entities.
Agency Code: USDA-FAS-GP-10617
Agency Name: Department of Agriculture
Section 108 Foreign Currency 10.617
Posted Date: Mar 02, 2020
Close Date: Sep 30, 2020
Last Updated Date: Mar 02, 2020
Award Ceiling: $500,000
Award Floor: $500,000
Estimated Total Program Funding: $500,000
Expected Number of Awards: 2
Description: FAS will make foreign currencies available to eligible applicants to provide assistance in market development and agricultural technical assistance activities. This announcement supersedes all previous announcements regarding this program.Funding is currently only available in Morocco under the program. FAS is inviting proposals to use the Moroccan currency for market development projects and technical assistance activities. FAS must disburse local currencies to program participants through the disbursing officers at U.S. embassies. It is the responsibility of the recipient to arrange for the receipt and use of the foreign currencies made available through the program. Activities funded with Section 108 currencies are not limited to the country in which the currency originated. Applicants should note that the Moroccan currency cannot be converted to another currency prior to disbursement.Financial assistance under the Section 108 program will be made available on a competitive basis and applications will be reviewed against the evaluation criteria contained in this notice. All U.S. agricultural commodities, except tobacco, are eligible for consideration.Under the Section 108 program, FAS enters into agreements with eligible organizations to support certain overseas marketing and promotion activities. Applicants may receive assistance only for generic activities that benefit a U.S. agricultural commodity.Proposals should include a justification for funding assistance from the program – an explanation as to what specifically could not be accomplished without Federal funding assistance and why the participating organization(s) would be unlikely to carry out the project without such assistance. Applicants may submit more than one proposal, and the number of projects per participant will not be limited. FAS will not reimburse unreasonable expenditures or expenditures made prior to the approval of a proposal. Although highly encouraged, there is no cost share requirement for Section 108 proposals. FAS will, however, consider the applicant’s willingness to contribute resources towards the project, including cash, goods, and services of the U.S. industry and foreign third parties, when determining which proposals are approved for funding.All applications under this announcement must be received by 5 p.m. Eastern Daylight Time, September 30, 2020. Applications received after this date will not be considered. Applications will be reviewed as they are received as long as funding remains available.FAS anticipates that the initial funding selections will be made by the end of November 2019.
Version: 5
Modification Comments: minor edits





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