Today’s Objectives: Discuss key statutory and regulatory compliance requirements for Federal Grant recipients and subrecipients; Identify principal noncompliance risks and strategies for mitigating risk of noncompliance; and, Opportunity to ask questions!
Federal Grant Compliance – Key Points: By accepting a federal grant (or subgrant), the recipient agrees to comply with the applicable Federal requirements and to the prudent management of all expenditure and actions affecting the award; Every submission (e.g., Grant application, performance and financial reports, periodic certifications) is a statement to a government official; Every request for payment is viewed as a certification that the awardee is complying with all material requirements and
terms; Only Actual Authority will normally bind the government –
beware of “guidance” from unauthorized government representatives.
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