When an institution receives federal awards, what government regulations apply?
• Office of Management and Budget (OMB) Circular A-21, Cost Principles for Educational Institutions • The terms and conditions contained in the award For Federal grants • OMB Circular A-110, Uniform Administrative Requirements for Grants and Agreements With Institutions of Higher Education, Hospitals, and Other Non-Profit Organizations For Federal Contracts • Federal Acquisition Regulations (FAR) and the agency supplement to the FAR for the agency awarding the contract. The FAR regulations are available at http://www.arnet.gov/far/ The OMB Circulars are available at the Office of Management and Budget website (http://www.whitehouse.gov/OMB/) or through links at the Office of Contract and Grant Accounting (OCGA) website (http://www.vanderbilt.edu/ocga/useful/useful.htm). For questions relating to the interpretation of government regulations contact DSR, 322-2631 or OCGA, 343-6658. 2. How much flexibility do I have in reallocating funds between budget lines on my grants? Guidance for rea
