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ACF clarifies prizes are 'no strings attached'; reporting minimal but winners contacted for logistics
Summary
During Q&A, ACF staff said prize winners should spend funds as described in their applications and that the competition operates under the COMPETES Act; officials said there are no formal reporting requirements and that SAM.gov registration is required for payment.
In the webinar Q&A, an attendee asked what funds can be used for and what 'guardrails' apply. Maxine Maloney, who managed the slides, answered that the primary guardrail is the applicant's submitted plan: 'Well, Kim, as long as you use the funds towards the, your plan, that is those are your guardrails,' she said, characterizing the awards as prizes with no strings attached.
Presenters reiterated that there are no formal reporting requirements for winners, though the agency will follow up with recipients to discuss payment mechanics and any voluntary relationship. The presenter said winners must be registered in SAM.gov to receive payments, calling SAM registration a necessary condition for the federal direct funds transfer.
