The quickest means of transferring the project would be for the Principal Investigator (PI) to process a PI Transfer request via FastLane. Novation Agreements are normally used for mass transfer of grants and require the following documentation.
An authenticated copy of the instrument effecting the transfer of assets; e.g. bill of sale, certificate of merger, contract, deed, agreement or court decree.
A list of all effected awards.
A certified copy of each resolution of the corporate parties’ board of directors authorizing the transfer of assets.
The opinion of legal counsel for the transferor and transferee stating that the transfer was properly effected under applicable law and the effective date of the transfer.
An authenticated copy of the transferee’s certificate and articles of incorporation, if a corporation was formed for the purpose of receiving the assets involved in performing the Government award.
Evidence of transferee’s capability to perform the award.
Balance sheets of the transferor and transferee as of the dates immediately before and after the transfer of assets, certified for accuracy by independent accountants.
Also, the new company will need to be registered in FastLane and the System for Award Management (SAM).
The Central Contractor Registration (CCR) transitioned to SAM on July 30, 2012.