Search Results for keywords:"2 CFR part 200"

Found 3 results

Search Results: keywords:"2 CFR part 200"

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  • 2024-29685 — Adoption of Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
    Type:Rule
    Citation:89 FR 101837
    Reading Time:about 2 minutes

    The U.S. Election Assistance Commission (EAC) has issued a final rule to officially adopt the Office of Management & Budget's guidelines for managing federal awards, which were already part of their agreements with grant recipients. This rule will take effect on December 20, 2024, and it involves requirements related to federal financial assistance, ensuring consistent management across various agencies. The EAC is implementing these changes without prior notice and comment or a delayed effective date because agencies were already informed and had ample time to prepare.

    Simple Explanation

    The U.S. Election Assistance Commission (EAC) is making a rule that matches some guidelines already used for handling federal money, and this rule starts on December 20, 2024. They're doing this because they think everyone already knows about the changes and had enough time to get ready.

  • 2024-31230 — Veterans Legacy Grants Program Improvements
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    Type:Rule
    Citation:89 FR 107001
    Reading Time:about 9 minutes

    The Department of Veterans Affairs (VA) has updated its rules for the Veterans Legacy Grants Program (VLGP) to align with new federal award regulations and to improve the grant administration process. These updates include changes to terms and timelines for reporting by grant recipients, without significantly impacting small entities receiving grants. The rule ensures that there are no new information collections required beyond those already approved and incorporates executive orders to maximize regulatory benefits. It will be effective from January 30, 2025, and does not impose significant economic impacts or unfunded mandates.

    Simple Explanation

    The VA is making some changes to a program that gives money to help remember veterans. They are updating rules to make sure everything matches new government guidelines and to make it work better, starting January 2025.

  • 2024-28168 — Multi-Family Housing and Community Facilities Updates to Federal Financial Assistance Guidance
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    Type:Rule
    Citation:89 FR 96857
    Reading Time:about 16 minutes

    The Rural Housing Service of the USDA issued a final rule to update regulations for Multi-Family Housing and Community Facilities, aligning them with new federal financial assistance guidelines from the Office of Management and Budget. Significant changes include raising the audit threshold to $1 million for certain federal financial assistance recipients and revising financial language to ensure compliance with OMB updates. Additionally, the rule clarifies exceptions and updates language in specific sections related to applications and financial reporting requirements. These changes are effective from December 6, 2024.

    Simple Explanation

    The government is making some new rules to help with housing and community buildings by changing the money-checking limit from $750,000 to $1 million and updating the words to match new rules, but some parts are still a bit confusing and could be clearer.