[Code of Federal Regulations]
[Title 24, Volume 3]
[Revised as of April 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR585.501]

[Page 276]
 
                 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 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.