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OFFICE
OF MANAGEMENT AND BUDGET
RIN
0348-AB44
OMB
Circular A-110, "Uniform Administrative Requirements for Grants
and Agreements with Institutions of Higher Education, Hospitals,
and Other Non-Profit Organizations."
AGENCY:
Office of Management and Budget, Executive Office of the President.
ACTION:
Final Revision.
SUMMARY:
The Office of Management and Budget (OMB) is adopting final conforming
amendments to Circular A-110, "Uniform Administrative Requirements
for Grants and Agreements with Institutions of Higher Education,
Hospitals, and Other Non-Profit Organizations."
DATES:
Effective September 9, 1998.
FOR
FURTHER INFORMATION CONTACT: F. James Charney, Policy Analyst,
Office of Management and Budget, at (202) 395-3993. The revised
Circular is available on the OMB Home Page at /OMB, as well as from
the EOP Publications Office at (202) 395-7332.
SUPPLEMENTARY
INFORMATION: On August 29, 1997 (62 FR 45933), the Office
of Management and Budget (OMB) issued interim final conforming amendments
to Circular A-110 to update references to reflect the enactment
of the Single Audit Act Amendments of 1996 (Public Law 104-156,
110 Stat. 1396), the rescission of Circular A-128, "Audits of State
and Local Governments" (Circular A-128 was consolidated into Circular
A-133), and revisions to OMB Circular A-133 (62 FR 35278, June 30,
1997). Only one comment was received in response to the interim
final conforming amendments; the commenter stated its general agreement
with the substance of the revisions.
Accordingly,
OMB is adopting in final form, without change, the interim final
conforming amendments to Circular A-110 which were published at
62 FR 45933 on August 29, 1997.
Issued
in Washington, D.C., July 31, 1998.
- Jacob
J. Lew
- Acting
Director
OMB
hereby amends paragraphs (a), (b) and (c) of Section ____.26 of
OMB Circular A-110 to read as follows:
____.26
Non-Federal audits.
(a)
Recipients and subrecipients that are institutions of higher education
or other non-profit organizations (including hospitals) shall be
subject to the audit requirements contained in the Single Audit
Act Amendments of 1996 (31 U.S.C. 7501-7507) and revised OMB Circular
A-133, "Audits of States, Local Governments, and Non-Profit Organizations."
(b)
State and local governments shall be subject to the audit requirements
contained in the Single Audit Act Amendments of 1996 (31 U.S.C.
7501-7507) and revised OMB Circular A-133, "Audits of States, Local
Governments, and Non-Profit Organizations."
(c)
For-profit hospitals not covered by the audit provisions of revised
OMB Circular A-133 shall be subject to the audit requirements of
the Federal awarding agencies.
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