Tag: OMB
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Uniform Guidance Changes Effective November 12, 2020
Recently the Office of Management and Budget (OMB) issued updates to Uniform Guidance 2 C.F.R Part 200 which become effective November 12, 2020. The revised guidance if applicable for awards issued after this date. Previous awards are subject to the existing uniform guidance provisions. The UG is primarily directed to federal agencies. OMB expects all…
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Research Terms and Conditions (RTCs) Released and Available
The revised Research Terms and Conditions (RTCs) have been made available. The RTCs address and implement the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 CFR 200). The RTCs incorporate the entire Uniform Guidance by reference and clarify or supplement existing provisions where appropriate. They further incorporate by reference the most…