Sec. 206. GRANT SUBRECIPIENT TRANSPARENCY AND OVERSIGHT
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## SEC. 206 GRANT SUBRECIPIENT TRANSPARENCY AND OVERSIGHT ###
(a)In general Not later than 1 year after the date of enactment of this Act, the Inspector General of the Foundation shall prepare and submit to the appropriate committees of Congress an audit of the Foundation’s policies and procedures governing the monitoring of pass-through entities with respect to subrecipients. ###
(b)Contents The audit shall include the following: ####
(1)Information regarding the Foundation’s process to oversee— #####
(A)the compliance of pass-through entities under section 200.331 and subpart F of part 200 of chapter II of subtitle A of title 2, Code of Federal Regulations, and the other requirements of that title for subrecipients; #####
(B)whether pass-through entities have processes and controls in place regarding financial compliance of subrecipients, where appropriate; and #####
(C)whether pass-through entities have processes and controls in place to maintain approved grant objectives for subrecipients, where appropriate. ####
(2)Recommendations, if necessary, to increase transparency and oversight while balancing administrative burdens.