Can you tell me about the different “Modification Request Types”?

Yes. I would be happy to.

DESCRIPTIONS OF THE MODIFICATION REQUEST TYPES (Item 6.) Request Award Modification
Activate Advance Account –	Choose this option when you have an Award in state: Advance Account, and you or the PI receive the NOA directly (was not sent to SPA).  To ask SPA to activate the Award (remove Advance Account state), submit an Award Modification Request from the Advance Account Award workspace, using this Modification Request Type and attach the NOA in Item 4. Supporting documents.
Carryforward –	IMPORTANT TO NOTE: NCE request cannot be combined with a request for Carryforward (if you need both, please submit two (2) requests: one (1) for a Carryforward and then one for (2) No-Cost-Extension.) LINK TO CARRYFORWARD ONLY GUIDE LINK TO CARRYFORWARD PLUS NEW FUNDS GUIDE
Courtesy Extension –	Choose this to extend the Oracle Project End Date for next year’s funding’s Award or Agreement that is not available/not fully-executed. LINK TO COURTESY EXTENSION GUIDE
New Cost Share Oracle Project –	Requesting a new Cost Share Oracle Project for an Award in Active or Advance Account states. LINK TO NEW COST SHARE ORACLE PROJECT GUIDE
New Oracle Project –	Requesting a new or interim Oracle Project for an Award in Active or Advance Account states. LINK TO INTERIM ACCOUNT ORACLE PROJECT REQUEST GUIDE GUIDE
No Cost Extension –	IMPORTANT TO NOTE: NCE request cannot be combined with a request for Carryforward (if you need both, please submit two (2) requests: one (1) for a Carryforward and then one for (2) No-Cost-Extension.) LINK TO NO-COST-EXTENSION on CONVERTED DATA GUIDE LINK TO NO-COST-EXTENSION on NATIVELY-CREATED DATA GUIDE
PI Change	LINK TO PERSONNEL CHANGE AND EFFORT CHANGES GUIDE
Prior Approval	Choose this option when you require SPA to obtain Sponsor approval (i.e., SPA will communicate with the Sponsor) for a change to the Award (e.g., No-Cost-Extension, PI Change, Re-budget). *You will work on Department-level and Sponsor approvals that do not require SPA involvement outside of VERA – not using Prior Approval Award Request Type when you request the Award Modification for No-Cost-Extension, PI Change, or Re-budget. LINK TO PRIOR APPROVAL MATRIX
Re-budget	1) LINK TO RE-BUDGET – ONE ORACLE PROJECT – GUIDE 2) LINK TO RE–BUDGET – BETWEEN EXISTING ORACLE PROJECTS – GUIDE 3) LINK TO RE-BUDGET – BETWEEN NEW & EXISTING ORACLE PROJECT – GUIDE
Other –	Choose this option when none of the above accurately reflects the changes needed.  (For example: choose “Other” when you are requesting changes to fields: Anticipated Award End Date and/or Anticipated Total Award Amount.)

*Please note that Advance Account is a state in VERA, in which your Award or Oracle Project is in interim status.

Research Finance Definition: An interim account/Advance Account is a temporary setup when the PI needs an account (Oracle Award / Project) setup prior to when all appropriate documentation is complete. During this interim phase of the account, the PI and school accepts all financial risk in the event the project is not funded. From a financial perspective, the school is subsidizing the faculty’s research until the project is funded.