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AID | RIN: 0412-AB01 | Publication ID: Spring 2022 |
Title: United States Agency for International Development 2 CFR 700--Removing the Program Income Restriction on For-Profit Entities | |
Abstract:
The U.S. Agency for International Development (USAID) proposes to amend the Agency’s policies for administering Federal awards codified as 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: Lyudmila Bond Agency for International Development 1300 Pennsylvania Avenue NW, Washington, DC 20004 Phone:202 285-8319 Email: lbond@usaid.gov |