Date Published: July 2012
OMB guidance designates the operational definitions of grants and subawards for the FFATA reporting requirements. OMB defines a grant as “an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States”. A subaward is defined as “a legal instrument to provide support for the performance of any portion of the substantive project or program for which you received for this award”. The time “subaward” does not include procurement of property or services (subrecipients) needed to carry out the project or program.