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What is a Funding/Awarding Agency?

April 26, 2017agency awarding funding

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What is a Funding/Awarding Agency?

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A Funding Agency is a Federal Agency which provides funds to Recipients (such as states, companies, or other organizations) under the Recovery Act. An Awarding Agency may provide a grant, loan, or contract on behalf of the Funding Agency. The Funding Agency may use Recovery Act funds to provide contracts, grants, or loans aimed at achieving the goals of the Act. Under Section 1512 of the Recovery Act, Funding/Awarding Agencies must report on these disbursements and review reports submitted by Prime Recipients.