OMB publishes final uniform guidance governing grants, co-operative and other funding agreements with federal agencies
By C Joël Van Over and Clare M Cavaliero
As part of a larger federal effort to increase efficiency and reduce waste, on 26 December 2013 the Office of Management and Budget (OMB) published a series of significant reforms to the government’s policies relating to grants and co-operative agreements.
The federal policies relating to the award and administration of federal financial assistance agreements were previously contained in eight OMB circulars (A-21, A-50, A-87, A-89, A-102, A-110, A-122 and A-133). These eight circulars apply to numerous aspects of the financial assistance agreement lifecycle and vary depending on the type of recipient (e.g. state, local, tribal governments, educational institutions and non-profits). Armed with a mandate to eliminate unnecessary and duplicative requirements and to reduce the potential for fraud, waste and abuse, OMB undertook an extensive effort to review, clarify and modernise the federal policies relating to grants and co-operative agreements…
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