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Cooperative Agreement No. L10AC20366 <br /> Page 6of16 <br /> D. This agreement may be terminated in accordance with the provisions of 43 CFR, <br /> Subpart C, Section 12.84 for State, local and Indian tribal governments or Subpart F, Section <br /> 12.961 for institutions of higher education, hospitals, other non -profit and all other organizations. <br /> V. FINANCIAL SUPPORT <br /> A. Funding. This agreement shall be funded each FY based on the availability of BLM <br /> funding. <br /> B. FY Carryover. Funds obligated but not expended in one FY can be carried forward and <br /> expended in the subsequent FY for this award. <br /> C. Maximum Obligations. The total obligations, including amendments, represent the <br /> amount for which the BLM will be responsible under the terms of this agreement. The BLM <br /> shall not be responsible to pay for nor shall the recipient be responsible to perform any effort that <br /> will require the expenditure of Federal funds above the current obligated amount. <br /> D. Cost Sharing. Cost sharing for this agreement shall be in accordance with 43 CFR, <br /> Subpart C, Section 12.64 for State, local and Indian tribal governments or Subpart F, Section <br /> 12.923 for institutions of higher education, hospitals, other non -profit and all other organizations. <br /> E. Program Income. Program income generated for this agreement shall be in accordance <br /> with 43 CFR, Subpart C, Section 12.65 for State, local and Indian tribal governments or Subpart <br /> F, Section 12.924 for institutions of higher education, hospitals, other non - profit and all other <br /> organizations. <br /> VI. PAYMENTS <br /> A. Financial Management Service's (FMS), Automated Standard Application for Payment <br /> (ASAP) System. <br /> 1. Payments under this agreement will be made by the United States Department of <br /> Treasury, FMS, ASAP system. ASAP is a recipient- initiated, on -line payment and information <br /> system for Financial Assistance Agreements. The recipient will register and request federal <br /> funds that are due directly from the Federal Reserve Bank on a reimbursable basis. <br /> 2. The ASAP Requestor ID, furnished by the Department of Treasury, will be used to <br /> access the account to request reimbursement payments. The BLM GMO will create an ASAP <br /> Account ID unique to this agreement. The first nine characters will be the agreement (grant) <br /> number. The remaining three characters will identify BLM funding line items. Drawdown of <br /> funds will be taken from specific lines on this agreement. <br /> B. Advance Payments. Since payments under this agreement will be made by the United <br /> States Department of Treasury through the ASAP system within a 3 day period after request; <br /> there should be a minimal need for advance payments. <br /> C. Drawdown. Treasury Circular 1075 (31 CFR 205) requires that drawdowns to a <br /> recipient organization shall be limited to the minimum amounts needed and shall be timed to be <br />