Among key features are reducing the number of additional “prior approvals” that recipients must receive. Image: Garsya/Shutterstock.com
OMB has issued what it called the most significant revisions to its Guidance for Federal Financial Assistance since that guidance took effect a decade ago, saying the update will “streamline and clarify” policies governing some $1.2 trillion in grants issued annually by federal agencies.
“This will mean that recipients can invest in mission outcomes rather than in administrative overhead, while ensuring federal agencies can effectively safeguard taxpayer resources. These changes will allow agencies and recipients of federal funds to focus more time and money on delivering meaningful results for the American people,” according to an OMB summary.
“The updated Uniform Grants Guidance also instructs agencies to make grant announcements as clear and concise as possible. This will make it easier for eligible recipients, including in underserved communities, to access critical funding,” it says, referring to the guidance by its more commonly used name.
Among key features are reducing the number of additional “prior approvals” that recipients must receive from agencies for spending money on specific activities; clarifying terms so that recipients can comply with the same requirement in the same way, regardless of funding source; increasing the emphasis on data and evaluation in program development and implementation; making it easier for non-experts and smaller organizations to apply for funding.
OMB memo M-24-11 requires that agencies submit an implementation plan by May 15 and that all “award terms and conditions, notices of funding opportunities, internal agency policies and procedures, agency templates, and other program documents reflect” be compliant with the revisions by October 1.
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