OMB proposes updates to federal grant award process
The Office of Management and Budget published a proposal today to revise the Guidance for Federal Financial Assistance to improve government-wide policies and requirements for the management of grants, cooperative agreements, and other forms of assistance.
The proposal includes the NCUA and other federal grant-making agencies, and is designed to:
- Ensure tax dollars are not wasted or misused and that activities performed under federal awards are consistent with law and policy;
- Hold recipients accountable when they fail to meet relevant standards;
- Provide further clarification on the regulatory status of the OMB requirements and on the process for future updates to the government-wide requirements; and
- Reduce recipient burden.
Comments on the proposal are due July 15.
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