The National Science Foundation has updated certain grant guidelines.  The revised terms apply to new grants and funding amendments made on or after February 1, 2012.  The two items below summarize updates applicable to all NSF grants.  Full text of all revised policies is available on the NSF website. 
The significant change to Grant General Conditions (GC-1) effects NSF funded travel.  The revision to Travel, Article 10 of the GC-1, updates circumstances under which use of a foreign-flag air carrier is permissible. The Article also provides information on recent modifications to the “Open Skies” Agreement with the European Union, and includes a link to the General Services Administration website for additional information.
The update to NSF Agency Specific Requirements to the Research Terms and Conditions includes two significant changes.  This policy also provides for revised circumstances for use of foreign flag air carriers.  The second significant change is adding a provision under which institutions with annual research expenditures over $25 million are to provide NSF with the URL containing intellectual property information including technologies available for licensing and results of commercialization efforts.