This regulation outlines how the Corporation for National and Community Service adopts and adapts the Office of Management and Budget's (OMB) guidance on federal awards, incorporating specific exceptions and supplements relevant to its operations. It details the use of various funding instruments like grant agreements, cooperative agreements, and fixed amount awards, and specifies conditions under which cost sharing, matching funds, and subawards can be applied, including the use of federal funds from other agencies for matching purposes. Additionally, it addresses the treatment of indirect (Facilities and Administrative) costs for programs under the National and Community Service Act, ensuring compliance with specific administrative cost regulations.
Authority: 42 U.S.C. 12571(d), 12571(e)(2)(B), 12581(l), 12581a(a), 12616(c)(2), 12651c(c), 12651d(h), 12651g(b), 12653(a), 12653(h), 12653o(a), and 12657(a); 2 CFR part 200; 45 CFR 2521.95, and 2540.110.