Data / Federal rules / 2024-07496
Guidance for Federal Financial Assistance
The Management and Budget Office published this final rule in the Federal Register on April 22, 2024. It took effect on October 1, 2024.
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What the agency says
The Office of Management and Budget (OMB) is revising the OMB Guidance for Grants and Agreements, which is now called the OMB Guidance for Federal Financial Assistance. The final guidance reflects public comments received in response to the OMB Notification of Proposed Guidance published in October 2023 and comments received from Federal agencies. In response to comments, OMB is revising and updating the guidance to incorporate recent OMB policy priorities related to Federal financial assistance and to reduce agency and recipient burden. OMB is also incorporating certain statutory requirements and clarifying certain sections of the prior version of the guidance that recipients or agencies have interpreted in different ways. OMB is also making revisions to use plain language, improve flow, and address inconsistent use of terms within the guidance text. Finally, OMB is making revisions to improve Federal financial assistance management, transparency, and oversight through more accessible and readily comprehensible guidance.
Key facts
- Document number
- 2024-07496
- Type
- Final rule
- Action
- Final rule; notification of final guidance
- Agency
- Management and Budget Office
- Published
- April 22, 2024
- Takes effect
- October 1, 2024
- Dates
- The effective date for the final guidance is October 1, 2024. Federal agencies may elect to apply the final guidance to Federal awards issued prior to October 1, 2024, but they are not required to do so. For agencies applying the final guidance before October 1, 2024, the effective date of the final guidance must be no earlier than June 21, 2024.
- Code of Federal Regulations
- 2 CFR 1; 2 CFR 25; 2 CFR 170; 2 CFR 175; 2 CFR 180; 2 CFR 182; 2 CFR 183; 2 CFR 184; 2 CFR 200
- Topics
- Administrative practice and procedure; Colleges and universities; Drug abuse; Foreign aid; Grant programs; Hospitals; Indians-tribal government; International organizations; Loan programs; Nonprofit organizations; Reporting and recordkeeping requirements; State and local governments
- Pages
- 163
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Everything from the Management and Budget Office · Rules on administrative practice and procedure · Rules on colleges and universities · Rules on drug abuse · Published in April 2024
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