March 11, 2014 - 3:00 PM ET

Legal Quick Hit: "The OMB Super Circular: What the New Rules Mean for Nonprofit Recipients of Federal Awards" for the Association of Corporate Counsel's Nonprofit Organizations Committee

This event has already occurred.

As 2013 came to a close, the federal Office of Management Budget (OMB) issued the long-awaited final rule to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, more commonly known as the “Super Circular.” Among other things, this rule streamlines eight Federal regulations (including OMB Circulars A-110, A-122, and A-133) into a single, comprehensive policy guide and affords the Federal government the ability to better administer the $600 billion awarded annually for grants, cooperative agreements, and other types of financial assistance. While the Super Circular does not entirely change the eight Federal regulations from which it is derived, it does include some noteworthy changes that will have important implications for all nonprofit recipients of, and applicants for, Federal grants and cooperative agreements.

Join us for a Legal Quick Hit on the new Super Circular. Topics of discussion will include, among others:

  • The goals of OMB in creating the Super Circular

  • The structure and basic tenants of the Super Circular

  • Notable aspects of the Super Circular for nonprofits

  • Important differences between the Super Circular and the predecessor circulars

For any current or would-be federal award recipient, this is a Legal Quick Hit you will not want to miss.

Dismas Locaria, Esq., Partner, Government Contracts
Melanie Jones Totman, Esq., Associate, Government Contracts

This event is open to ACC members only. Please visit ACC's website if interested in membership.