On April 4, 2024, the federal Office of Management and Budget (OMB) announced a draft version of the federal register notice releasing the final revisions to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance), 2 C.F.R. Part 200. The final revisions are expected to be published in the Federal Register as a Final Rule soon. In the preamble to the Final Rule, OMB reiterated that its reasons for these revisions are to incorporate statutory requirements and the administration’s priorities, reduce burdens, clarify and simplify language, and increase accessibility to federal resources. The effective date for the Final Rule is October 1, 2024. However, federal agencies may elect to implement it prior to the effective date, but no earlier than 60 days after the date of publication of the Final Rule in the Federal Register. 

CAPLAW has outlined some key changes to the Uniform Guidance to help the Community Action network understand the revised Final Rule.