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AID | RIN: 0412-AB01 | Publication ID: Fall 2021 |
Title: United States Agency for International Development 2 CFR 700--Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards | |
Abstract:
The U.S. Agency for International Development (USAID) seeks public comment on a proposed amendment to the Agency’s Uniform Administrative Requirements codified at 2 CFR part 700. Currently, for-profit entities that are recipients of Federal financial assistance from USAID cannot add program income to the Federal award. Program income must be either deducted from total allowable costs to determine the net allowable costs or used to meet the cost sharing or matching requirement of the Federal award. USAID intends to remove this restriction by amending its regulation to allow for-profit entities that are recipients of Federal financial assistance from USAID to add program income to the Federal award with prior approval from USAID. |
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Agency: Agency for International Development(AID) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: Undetermined |
CFR Citation: 2 CFR 700 | |
Legal Authority: Pub. L. 87–195, sec. 621(a) 22 U.S.C. 2381 (as amended) E.O. 12163 (44 FR 56673) 75 Stat. 445 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: None |
Federalism: Undetermined | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Michael Gushue Agency for International Development Phone:202 916-2631 Email: mgushue@usaid.gov |