(a) 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) All grantees must use a financial management system that complies with 2 CFR Part 200. Grantees must meet the applicable requirements of OMB’s regulations on Cost Principles at 2 CFR part 200.

(OMB has approved the information collection requirements in this section under control number 2900-0820)[79 FR 37217, July 1, 2014, as amended at 80 FR 25235, May 4, 2015]