§1128.100. Purpose of FMS Article I.

2 C.F.R. § 1128.100

FMS Article I specifies standards for recipients' financial management systems. It thereby implements OMB guidance in:

(a)

2 CFR 200.302, 200.303, and 200.328; and

(b)

2 CFR 200.301 and 200.328, as they relate to associations between financial data and performance accomplishments and reporting.

Notes, amendments, and revision history

Authority: 5 U.S.C. 301 and 10 U.S.C. 113.

Source: 85 FR 51171, Aug. 19, 2020, unless otherwise noted.