NSF has recently revised their proposal and award policies. See below email from OSP for link to a power point presentation and invitation to a one hour informational session. Below I've summarized the changes that are most likely to affect PIs. Any questions, please feel free to call me at 212-998-3019 or email me at jenifer@cims.nyu.edu . Thanks, Jenifer

Chapter II, Proposal Preparation Instructions
Section B.2., Proposal Margin and Spacing Requirements
Five fonts allowed in NSF proposals
Computer Modern
Georgia Typeface
Black font
No smaller than 10 point
Page formatting: use standard, single-column format for text (ease of use for reviewers viewing proposals electronically)
Section C.2.f., Bio sketches
Personal information should NOT be included on the bio sketch or with proposal (no personal email, addresses or phone numbers)
Section C.2.g.(vi)(a), Materials and Supplies
Defined: tangible personal property, other than equipment, costing less than $3,000 (per NYU’s threshold) Include cost estimates for items representing substantial amount of line item total
Section C.2.g.(xi), Cost Sharing
Eliminates NSF program-specific cost sharing
Eliminates statutory (1%) institutional cost sharing requirement on unsolicited proposals NO COST SHARING EXPECTED BY NSF IN ANY CIRCUMSTANCE If included, has NO bearing on NSF’s review
Section C.2.j, Special Information and Supplementary Documentation Special information and supplementary documentation must be included as part of the project description (or budget justification) if it is relevant to determining the quality of the proposal work. Do not submit letters of support with a proposal unless required by specific solicitation If required, letters must be specific to the proposal and unaltered Proposals that do not comply may be returned without review
Section D.7, Proposals for Conferences, Symposia, and Workshops Costs associated must be identified in the SOW and approved by NSF
Chapter V, Renewal Proposals
Section B, Accomplishment-Based Renewal
Special types of renewal proposals
For investigator who has made significant contributions over a number of years in the area of research Contact NSF Program Officer before preparing
Chapter II, Grant Administration
Section D, Cost Sharing
Eliminates NSF program-specific cost sharing
Eliminates statutory (1%) institutional cost sharing requirement on unsolicited proposals No cost sharing expected by NSF under any circumstance IF COST SHARING INCLUDED ON LINE M, IT BECOMES MANDATORY, MUST BE TRACKED/REPORTED AND IS SUBJECT TO AUDIT.
Chapter V, Allowability of Costs
Section B.6.a., Consultant Services
No longer a limit on daily rates for consultants
Rates should be comparable, based on market value for similar services
Section C.5.i, Meetings and Conferences
Travel, meal, and hotel expenses of grantee employees who are not on travel status are UNALLOWABLE No more pizza lunches in the lab to “discuss research”!
Jenifer Cohen
Assistant Director, Sponsored Projects
Courant Institute of Mathematical Sciences
251 Mercer St - Room 818
New York University
-----Original Message-----
From: Office of Sponsored Programs [mailto:osp.agency@nyu.edu]
Sent: Friday, June 15, 2007 4:44 PM
Subject: NSF Proposal and Award Policies and Procedures Guide
Date: June 15, 2007
Dear Colleagues:
The National Science Foundation (NSF) released a new document titled “Proposal and Award Policies and Procedures Guide (PAPPG)”, effective for proposals submitted on or after June 1, 2007. The PAPPG replaces all prior versions of the NSF Grant Proposal Guide (GPG) which is included as Part I, as well as the NSF Grants Policy Manual (GPM), which has been renamed the NSF Award & Administration Guide (AAG) and is included in the PAPPG as Part II.
OSP has posted a presentation highlighting the significant changes at http://www.nyu.edu/osp/about/agency.php. In addition to the website posting, OSP is offering a one-hour informational session on Tuesday, June 26, 2007 at 9:30 a.m. in the Bobst Library, Soho conference room #1244 (12th floor) to review and discuss the PAPPG and the changes made by the NSF that impact proposal submission and award management.
Please RSVP to nancy.daneau@nyu.edu by Wednesday, June 20th if you plan to attend; continental breakfast will be served. We look forward to seeing you there!
Office of Sponsored Programs
15 Washington Place, #1-H
New York, NY 10003
(212) 998-2121
(212) 995-4029 fax