The NIH clarification notice can be found at: http://grants.nih.gov/grants/guide/notice-files/NOT-OD-11-077.html
In short, the clarification is applicable to Non-competing awards and clarifies how inflation adjustments will be determined for future year commitments, including FY2012. The inflation adjustments are specified for Non-modular and Modular awards. Note, the original April 25 notice referenced a 2 percent inflation adjustment factor – this reference has been eliminated in the clarification.
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