[Code of Federal Regulations]
[Title 24, Volume 3]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR585.501]

[Page 274-275]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
  CHAPTER V--OFFICE OF ASSISTANT SECRETARY FOR COMMUNITY PLANNING AND 
        DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 585_YOUTHBUILD PROGRAM--Table of Contents
 
          Subpart F_Applicability of Other Federal Requirements
 
Sec. 585.501  Application of OMB Circulars.


    (a) The policies, guidelines and requirements of OMB Circular Nos. 
A-87 (Cost Principles Applicable to Grants, Contracts and other 
Agreements with State and Local Governments) and 24 CFR part 85 
(Administrative Requirements for Grants and Cooperative

[[Page 275]]

Agreements to State, Local and Federally Recognized Indian Tribal 
Governments) apply to the award, acceptance and use of assistance under 
the program by applicable entities, and to the remedies for non-
compliance, except where inconsistent with the provisions of NAHA, other 
Federal statutes or this part. 24 CFR part 84 (Grants and Cooperative 
Agreements with Institutions of Higher Education, Hospitals, and other 
Nonprofit Organizations), OMB Circular A-122 (Cost Principles Applicable 
to Grants, Contracts and other Agreements with Nonprofit Institutions), 
and, as applicable, OMB Circular A-21 (Cost Principles for Educational 
Institutions) apply to the acceptance and use of assistance by covered 
organizations, except where inconsistent with the provisions of NAHA, 
other Federal statutes or this part. Recipients are also subject to the 
audit requirements of 24 CFR part 44 (Audit Requirements for State and 
Local Governments) and 24 CFR part 45 (Audit Requirements for 
Institutions of Higher Education and other Nonprofit Institutions), as 
applicable. HUD may perform or require additional audits as it finds 
necessary or appropriate.
    (b) Copies of OMB Circulars may be obtained from E.O.P. 
Publications, Room 2200, New Executive Office Building, Washington, DC 
20503, telephone (202) 395-7332. (This is not a toll-free number.) There 
is a limit of two free copies.