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Government-wide Guidance for Grants and Agreements; Federal Agency Regulations for Grants and Agreements

Federal Register, May 11, 2004, Page 26275-26281

Agency

Office of Management and Budget

Action

Establishment of CFR title for policy guidance for grants and agreements.

Summary

The Office of Management and Budget (OMB) is establishing title 2 in the Code of Federal Regulations (CFR) for grants and other financial assistance and nonprocurement agreements. Title 2 consists of two subtitles, subtitles A and B. In subtitle A, OMB is publishing government-wide guidance to Federal agencies for grants and agreements--guidance that currently is in seven separate OMB Circulars and other OMB policy documents. (The document in today's Federal Register immediately following this document publishes one of those circulars in subtitle A.) In subtitle B, Federal agencies that implement the OMB guidance through regulation will publish their agency-wide implementing regulations. Consolidating the OMB guidance and co-locating the agency regulations provides a good foundation for streamlining and simplifying the policy framework for grants and agreements as part of the efforts to implement the Federal Financial Assistance Management Improvement Act of 1999 (Pub. L. 106-107).

Dates

Effective May 11, 2004.

Further Information

Elizabeth Phillips, Office of Federal Financial Management, Office of Management and Budget, telephone 202-395-3053 (direct) or 202-395-3993 (main office) and e-mail: ephillip@omb.eop.gov.

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