Faculty who serve on an NIH study section or advisory board may have continuous submission privileges meaning they can submit proposals after the standard deadlines and still have their proposal reviewed in the current funding cycle. 

Faculty can review the continuous submission policies and check their eligibility at the links below:

General Continuous Submission Link:
http://grants.nih.gov/grants/peer/continuous_submission.htm

List of Reviewers Eligible for Continuous Submission:
http://grants.nih.gov/grants/peer/CS_List_combined.pdf

For more information, contact your Grant Proposal Specialist