---
kind: "section"
citation: "32 C.F.R. § 37.620"
title: "32"
number: "37.620"
heading: "What financial management standards do I include for participants that are nonprofit?"
url: "https://uscodex.org/cfr/32/37.620"
---

# §37.620. What financial management standards do I include for participants that are nonprofit?


So as not to force system changes for any State, local government, institution of higher education, or other nonprofit organization, your expenditure-based TIA's requirements for the financial management system of any nonprofit participant are the same as those that apply to the participant's other Federal assistance awards.


## Notes

### Amendments

[85 FR 51245, Aug. 19, 2020]

### Authority

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

### Source

Source: 68 FR 47160, Aug. 7, 2003, unless otherwise noted.

### Amendments

[85 FR 51245, Aug. 19, 2020]