(a) Compliance. All recipients will comply with applicable requirements of the Single Audit Act Amendments of 1996, as implemented by 2 CFR part 200.

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(b) Financial Management. All grantees must use a financial management system that complies with 2 CFR part 200. Grantees must meet the applicable requirements of the Office of Management and Budget’s regulations on Cost Principles at 2 CFR 200.400-200.475.

(Authority: 38 U.S.C. § 501(d), 2400 note and 2 CFR 200.400-200.475)