NSF Revises Award Terms and Conditions May 24, 2018 The National Science Foundation (NSF) has revised its Award Terms and Conditions. Important changes include: Revision of the Equipment article to align with 2 CFR § 200.313 requirements for all equipment purchased under NSF awards and to provide clarity on reporting requirements for NSF-owned equipment; and Revision of the Patent Rights article to implement government-wide changes to the Department of Commerce Bayh-Dole regulations at 37 CFR § 401 effective May 14, 2018. Each set of terms and conditions is accompanied by a summary of changes made to that document. The revised Terms and Conditions will apply to all new NSF awards and funding amendments to existing NSF awards made on or after May 14, 2018. Revisions have been made to the following documents: NSF Agency Specific Requirements to the Research Terms and Conditions (ASR); Cooperative Agreement Financial & Administrative Terms and Conditions (CA-FATC); Cooperative Agreement Modifications and Supplemental Financial and Administrative Terms and Conditions for Major Multi-User Research Facility Projects and Federally Funded Research and Development Centers; and Grant General Conditions (GC-1). If you have any questions regarding these changes, please contact the DIAS Policy Office at 703.292.8243 or by email email@example.com. To learn more visit the NSF Award Terms and Conditions website.