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$236 Million With Rapidly Approaching Deadline

February 27, 2024 is the BEAR and SPI invoice deadline for more than 13,000 funding requests nationwide. As of February 15, there are $235.5M in committed funds that have not yet been disbursed for FRNs which have a 2/27 deadline.

The standard invoice deadline for recurring services is October 28 (120 days from the service delivery deadline of June 30.) A one-time, 120-day invoice deadline extension may be requested for any FRN, so long as the extension is requested prior to the current invoice deadline passing. The extended deadline for these services is Monday, February 27.

Of the more than 13,100 funding requests that have a February 27 invoice deadline, more than one quarter have $0 in disbursements:

Although only 28% of FRNs have not yet started the invoicing process, those requests represent nearly 60% of the total undisbursed commitments. Applicants filing BEARs have only 8% of the total undisbursed funds:

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