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2 CFR 1128.500

§ 1128.500 Purpose of FMS Article V.

United States · 2 CFR — Federal Financial Assistance · Status: effective

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2 CFR 1128.500, § 1128.500 Purpose of FMS Article V, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/1569
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Full text

FMS Article V of the general terms and conditions specifies requirements related to audits required under the Single Audit Act, as amended (31 U.S.C., chapter 75). The article thereby implements for grants and cooperative agreements the OMB guidance in Subpart F of 2 CFR part 200.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.