The Restricted Funds Department provides pre-award and post award administrative support to NMIMT faculty, staff and awarding agencies. We act as a liaison with all federal and non-federal auditors of sponsored research programs. The department also monitors financial activity for compliance to the awards terms and conditions. Finally, we are involved in various rate calculations which are applied to externally funded agreements.
Awards in support of research programs arise because of the technical expertise of individual principal investigators. The formal award of monies however is delivered to NMIMT, and it accepts such funds to be spent only for designated purposes. Therefore, there is a shared responsibility between the principal investigator and NMIMT in accepting funds and carrying out the program for which the funds are awarded.