Last year, NIH announced that we are moving to a system that uses subaccounts, meaning that grantees draw down funds from award-specific accounts in the Payment Management System (PMS). Now, as described in NIH Guide Notice NOT-OD-14-103, "Revised Timeline for Administrative Changes to NIH Domestic Awards to Transition to Payment Management System Subaccounts," this implementation timeline has been revised. Please read the full NIH Guide notice for details.
Revised Timeline for NIH Domestic Awards Subaccounting Transition
Wednesday, July 30, 2014