2 CFR 930.205
§ 930.205 Financial management standards.
United States · 2 CFR — Federal Financial Assistance · Status: effective
Cite this
- Citation
- 2 CFR 930.205, § 930.205 Financial management standards, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/1327
- Permanent ID
ys:prov:1327@1- SHA-256
17df8d874fe90e4599f3233943c17eab8003f6fcb0b182c31df86156dbe68163
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Any awardees that currently perform under other expenditure-based Federal procurement contracts or assistance awards are subject to the same standards for financial management systems that apply to those other Federal awards.
(b) Any awardees that do not currently perform under expenditure-based Federal procurement contracts or assistance awards should be allowed to use their existing financial management system as long as the system, at a minimum, effectively controls all project funds, including Federal funds and any required cost share. The system must have complete, accurate, and current records that document the sources of funds and the purposes for which they are disbursed. Awardees also must have procedures for ensuring that project funds are used only for purposes permitted by the agreement.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.