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Letter of Credit Drawdowns

What Are Letter of Credit Drawdowns?

Most federal awards are letter of credit type awards. This means the way the university receives payment from these federal agencies are from drawdowns. There is no physical bill or invoice involved. 

Grant Accounting receives the Federal Letter of Credit Drawdown and other web-based draw requests from Grants and Contracts Financial Services once a month after the close of each month to draw funds to cover expenses that have posted to the projects. 

Below are the current federal agencies for which we draw and the system from which the draw is processed.


Federal Agency Drawdown System
Department of Education G5
National Science Foundation NSF Fastlane
Department of Health & Human Services Payment Management System
Department of Homeland Security Payment Management System
Department of Homeland Security PARS
National Aeronautics and Space Administration (NASA) Payment Management System
United States Department of Agriculture (USDA) Payment Management System
United States Department of Agriculture (USDA) MyUTSA Account
Department of Justice MyUTSA Account
Nuclear Regulatory Commission (NRC) MyUTSA Account
Department of Energy (DOE) MyUTSA Account
Economic Development Administration (EDA) MyUTSA Account
Department of Interior (DOI) MyUTSA Account
Minority Business Development (MBD) MyUTSA Account
Bureau of Reclamation MyUTSA Account
United States Environmental Protection Agency (EPA) MyUTSA Account
United States Department of Housing
and Urban Development (HUD) 		eLOCCS

 

If you have questions about how the draw is processed within a specific system, contact Grant Accounting.

All other questions should be directed to Grants and Contracts Financial Services.

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