§ 1128.1 Purpose of this part.
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
(a) This part specifies standard wording of general terms and conditions concerning financial and program management, including recipients' financial management systems, payments, cost sharing or matching, program income, budget and program revisions, audits, allowable costs, and periods of availability of funds.
(b) It thereby implements OMB guidance in the following portions of 2 CFR part 200, as they apply to general terms and conditions of grants and cooperative agreements:
(1) Sections 200.80, 200.209, and 200.302 through 200.309;
(2) Sections 200.301 and 200.328, as they relate to associations between financial data and performance accomplishments and reporting; and
(3) Subparts E and F.
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