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| 45.201 ARTS AND ARTIFACTS INDEMNITY |
| FEDERAL AGENCY |
| FEDERAL COUNCIL ON THE ARTS AND THE HUMANITIES, NATIONAL FOUNDATION ON THE ARTS AND THE HUMANITIES |
| AUTHORIZATION |
| National Foundation on the Arts and the Humanities Act of 1965, as amended, Public Laws 89-209, and 94-158, 20 U.S.C. 971 et seq. |
| OBJECTIVES |
| To provide for indemnification against loss or damage for eligible art works, artifacts, and objects (1) when borrowed from abroad for exhibition in the U.S.; (2) when borrowed from the U.S. for exhibition abroad, preferably when there is an exchange exhibition from a foreign country; and (3) when borrowed from the U.S. for exhibition in the U.S. as part of exhibitions from abroad which include foreign-owned objects. |
| TYPES OF ASSISTANCE |
| Insurance. |
| USES AND USE RESTRICTIONS |
| Certificates of Indemnity will be issued for the following items insuring them against loss or damage: (1) Works of art, including tapestries, paintings, sculpture, folk art, graphics, and craft arts; (2) manuscripts, rare documents, books, and other printed or published materials; (3) other artifacts or objects; and 4) photographs, motion pictures, or audio and video tape. Items must be of educational, cultural, historical or scientific value; and their exhibition must be certified by the U.S. Department of State to be in the national interest. Restrictions: No indemnity agreement for a single exhibition shall exceed $1.2 billion. Deductible amounts are on a sliding scale based on the value of certificate, as follows: $15,000 deductible for exhibitions of up to $2 million in value; $25,000 for valuation of $2 million to $10 million; $50,000 for valuation of $10 million to $125 million; $100,000 for valuation of $125 million to $200 million; $200,000 for valuation of $200 million to $300 million; $300,000 for valuation of $300 million to $400 million; $400,000 for valuation of $400 million to $500 million; and $500,000 for valuation above $500 million. The total amount of indemnities that can be outstanding at any one time is $10 billion. |
| Applicant Eligibility |
| Federal, State, and local government entities, and nonprofit agencies and institutions may apply. |
| Beneficiary Eligibility |
| Federal, State, and local government entities, and nonprofit agencies and institutions will benefit. Audiences of indemnified exhibitions will also benefit. |
| Credentials/Documentation |
| This program is excluded from coverage under OMB Circular No. A-87. |
| Preapplication Coordination |
| Assistance is available from the Indemnity Administrator, National Endowment for the Arts, Washington, DC 20506-0001. This program is excluded from coverage under OMB Circular No. A-102; it is also excluded from coverage under E.O. 12372. |
| Application Procedure |
| Applicants should obtain guidelines and application instructions from the Arts Endowment's Web site at www.arts.gov. This program is excluded from coverage under OMB Circular No. A-110. |
| Award Procedure |
| The Federal Council on the Arts and the Humanities makes final decisions on all awards based on recommendations from consulting panels of professionals in the field. |
| Deadlines |
| April 1 and October 1 of each year. |
| Range of Approval/Disapproval Time |
| Dependent on meetings of the Federal Council on the Arts and the Humanities; approximately three months. |
| Appeals |
| None. |
| Renewals |
| Requests for extensions and renewals must compete against new applications. |
| Formula and Matching Requirements |
| Coverage does not include the first $15,000 to $500,000 based on the deductible formula for the value of an exhibition. The applicant must assume the deductible for the exhibition. |
| Length and Time Phasing of Assistance |
| The time of assistance varies. |
| Reports |
| Reports of loss or damage at termination of exhibit. |
| Audits |
| Final audits may be made at the discretion of the Federal Council on the Arts and the Humanities for up to three years after the termination of the indemnity time period. |
| Records |
| Applicants are responsible for complete packing, shipping, security and condition reports on all indemnified items. |
| Account Identification |
| 59-0100-0-1-503. |
| Obligations |
| (Claim payments) FY 07 $0; FY 08 $0; and FY 09 est $0. |
| Range and Average of Financial Assistance |
| None. |
| PROGRAM ACCOMPLISHMENTS |
| Thirty-nine certificates of indemnity were issued in fiscal year 2007 for 39 exhibitions. It is estimated that 45 certificates of indemnity will be issued in fiscal year 2008 for 45 exhibitions. It is anticipated that 50 certificates of indemnity will be issued in fiscal year 2009 for 50 exhibitions. |
| REGULATIONS, GUIDELINES, AND LITERATURE |
| Regulations and guidelines are available on the Arts Endowment's Web site at www.arts.gov. |
| Regional or Local Office |
| None. |
| Headquarters Office |
| Indemnity Administrator, National Endowment for the Arts, Washington, DC 20506-0001. Contact: Alice M. Whelihan. Telephone: (202) 682-5574. |
| Web Site Address |
| www.arts.gov |
| RELATED PROGRAMS |
| None. |
| EXAMPLES OF FUNDED PROJECTS |
| Current indemnified exhibitions are listed on the Web site, www.arts.gov. |
| CRITERIA FOR SELECTING PROPOSALS |
| Contact the Indemnity Administrator. |
|
General Services Administration Office of Chief Acquisition Officer Regulatory and Federal Assistance Division (VIR) |
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