On March 1, 2013, a memorandum (M-13-06) was sent to the heads of executive departments and agencies. President Obama has issued a sequestration order in accordance with section 251A of the Balanced Budget and Emergency Deficit Control Act, as amended (BBEDCA), 2 U.S.C. 901a. The sequestration requires a cancellation in the amount of $85 billion in budgetary resources across the Federal Government for the remainder of FY 2013. FY 2012 awards will unlikely be affected by the sequestration. We are not sure at this time how this financial climate will affect UT Dallas awards. However, different federal agencies will be reviewing their options to re-scope, delay, or cancel awards in order to meet the sequestration requirements on FY 2013 awards. The decisions will all depend on the nature of the work and the availability of resources. Should you have any questions or receive communication from your sponsor in regards to your award, please contact your Grant Specialist or the Office of Sponsored Projects to manage the award going forward.
Posted: March 01, 2013