§ 37.665. Must I require nonprofit participants to have periodic audits?

113 words·~1 min read·/us/cfr/t32/s§ 37.665·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Yes, expenditure-based TIAs are assistance instruments subject to the Single Audit Act (31 U.S.C. 7501-7507), so nonprofit participants are subject to their usual requirements under that Act, as implemented by subpart F of 2 CFR part 200. Specifically, the requirements are the same as those in subpart E of 2 CFR part 1128 for grants and cooperative agreements to institutions of higher education, nonprofit organizations, States, local governments, and Indian tribes. Note that those requirements also apply to Federally Funded Research and Development Centers (FFRDCs) and other Government-owned, Contractor-Operated

(GOCO)facilities administered by nonprofit organizations, because nonprofit FFRDCs and GOCOs are subject to the Single Audit Act. \[85 FR 51246, Aug. 19, 2020\]

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31 USC 7501-7507
2 CFR 200
2 CFR 1128

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§ 37.665

Must I require nonprofit participants to have periodic audits?

Cite31 USC 7501-7507

Cite2 CFR 200

Cite2 CFR 1128

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