12.6 Award of Funds All budget proposals are reviewed by the Financial Review Committee (FRC), and the Committee recommendations are submitted to the STScI Director for final approval. Near the start of Cycle 21, each PI or Administrative PI of approved programs that have requested funding will receive electronic notification from the STScI Director with the approved funding amount. Approved preparatory funding is generally awarded soon thereafter. With the exception of preparatory funding, GO funding will become incrementally available after the first observations from the program occur. Funding for AR and Theory proposals will become incrementally available after funding approval. All funding is subject to the availability of funds from NASA.