Source: http://www.law.cornell.edu/cfr/text/34/80.41
Timestamp: 2015-01-26 15:36:41
Document Index: 739182703

Matched Legal Cases: ['art 80', '§ 80', '§ 80', '§ 80', '§ 80', '§ 80', '§ 80', '§ 80', '§ 80', '§ 80']

34 CFR 80.41 - Financial reporting. | LII / Legal Information Institute
CFR › Title 34 › Subtitle A › Part 80 › Subpart C › Section 80.41 34 CFR 80.41 - Financial reporting.
There is 1 rule appearing in the Federal Register for 34 CFR 80. View below or at eCFR (GPOAccess)
§ 80.41
Grantees shall follow all applicable standard and supplemental Federal agency instructions approved by OMB to the extend required under the Paperwork Reduction Act of 1980 for use in connection with forms specified in paragraphs (b) through (e) of this section. Federal agencies may issue substantive supplementary instructions only with the approval of OMB. Federal agencies may shade out or instruct the grantee to disregard any line item that the Federal agency finds unnecessary for its decisionmaking purposes.
Grantees will use Standard Form 269 or 269A, Financial Status Report, to report the status of funds for all nonconstruction grants and for construction grants when required in accordance with § 80.41(e)(2)(iii).
Each grantee will report program outlays and program income on a cash or accrual basis as prescribed by the awarding agency. If the Federal agency requires accrual information and the grantee's accounting records are not normally kept on the accural basis, the grantee shall not be required to convert its accounting system but shall develop such accrual information through and analysis of the documentation on hand.
The frequency for submitting payment requests is treated in § 80.41(b)(3).
Requests for reimbursement under construction grants will be submitted on Standard Form 271, Outlay Report and Request for Reimbursement for Construction Programs. Federal agencies may, however, prescribe the Request for Advance or Reimbursement form, specified in § 80.41(d), instead of this form.
The frequency for submitting reimbursement requests is treated in § 80.41(b)(3).
When a construction grant is paid by letter of credit, electronic funds transfer or Treasury check advances, the grantee will report its outlays to the Federal agency using Standard Form 271, Outlay Report and Request for Reimbursement for Construction Programs. The Federal agency will provide any necessary special instruction. However, frequency and due date shall be governed by § 80.41(b) (3) and (4).
When a construction grant is paid by Treasury check advances based on periodic requests from the grantee, the advances will be requested on the form specified in § 80.41(d).
The Federal agency may substitute the Financial Status Report specified in § 80.41(b) for the Outlay Report and Request for Reimbursement for Construction Programs.
The accounting basis for the Outlay Report and Request for Reimbursement for Construction Programs shall be governed by § 80.41(b)(2).
(Approved by the Office of Management and Budget under control number 1880-0517)
[53 FR 8071, 8087, Mar. 11, 1988, as amended at 53 FR 49143, Dec. 6, 1988]
Title 34 published on 2014-07-01The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 34 CFR 80 after this date.2014-12-19; vol. 79 # 244 - Friday, December 19, 201479 FR 75872 - Federal Awarding Agency Regulatory Implementation of Office of Management and Budget&apos;s Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards