Type:Rule
Citation:86 FR 10439
Reading Time:about 6 minutes
The Office of Management and Budget (OMB) is making corrections to guidance about grants and agreements that was published in the Federal Register on August 13, 2020. These corrections address incorrect references to sections or laws and restore missing language. The revisions are effective as of February 22, 2021, and aim to clarify rules and fix citation issues within parts 25 and 200 of the Code of Federal Regulations (CFR). This includes updates to definitions, program applicability, and requirements for audit procedures and cost principles.
Simple Explanation
The government spotted some mistakes in the rules they made about giving out money and help. They fixed these mistakes to make everything clearer and easier for everyone to understand.