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Public Law 106–107 FAQ’s
The Federal Financial Assistance Management Improvement Act of 1999, also known as Public Law 106-107 (P.L. 106-107), was enacted on November 1999. The purposes of the Act are to (1) improve the effectiveness and performance of Federal financial assistance programs, (2) simplify Federal financial assistance application and reporting requirements, (3) improve the delivery of services to the public, and (4) facilitate greater coordination among those responsible for delivering services. What is Grants.gov's role in P.L. 106-107? Grants.gov was created to provide a single website for all federal grant opportunities. It was called for from the President's Management Agenda and also as part of the Public Law 106-107, which is to streamline and simplify the way the federal government does grants. It simplifies the grants management process by providing a central online system to find and apply for grants across the federal government. When you receive a grant or cooperative agreement award, it lists general terms and conditions, such as Office of Management and Budget Circulars, agency regulations implementing government-wide requirements. Currently you can find the OMB requirements on OMB's home page, and may be able to find the agency's regulations at the agency's website or by a search of the Code of Federal Regulations (CFR). Recently OMB established a new Title 2 in the CFR as part of the P.L. 106-107 streamlining. The plan for Title 2 is to enable you to find all OMB Circulars and guidance to the agencies and the agency regulations implementing them in that single Title. This will be accomplished over the next several years as the streamlining progresses. Are Federal loans and loan guarantees affected by the streamlining and simplification activities under P.L. 106-107? P.L. 106-107 addresses financial assistance in general, which includes loans, loan guarantees and other forms of financial assistance. The current focus of P.L. 106-107 activities is financial assistance in the form of grants and cooperative agreements, where the 26 grant-making agencies believe there is the greatest opportunity to streamline and simplify. Grants and cooperative agreements are awarded to all sectors-public and private, non-profit and for-profit-and account for billions of dollars and millions of transactions. Although programs differ, these award instruments generally are subject to the same government-wide regulatory and policy framework. Grants.gov FIND provides "one-stop shopping" that will allow you to review synopses of all available competing funding opportunities for grants and cooperative agreements (and other types of financial assistance if the funding agency chooses) under the hundreds of discretionary grant programs. You can search by agency, category of activity to be funded, Catalog of Federal Domestic Assistance number, and other parameters. You also can sign up for email notification of newly posted opportunities based on parameters it provides. Grants.Gov FIND will include a link to the full funding opportunity announcement. Depending on the agency, these still may be published in the Federal Register or be posted on a website.
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