[Code of Federal Regulations]

[Title 32, Volume 1]

[Revised as of July 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 32CFR37.620]



[Page 238-239]

 

                       TITLE 32--NATIONAL DEFENSE

 

              CHAPTER I--OFFICE OF THE SECRETARY OF DEFENSE

 

PART 37_TECHNOLOGY INVESTMENT AGREEMENTS--Table of Contents

 

 Subpart F_Award Terms Affecting Participants' Financial, Property, and 

                           Purchasing Systems

 

Sec.  37.620  What financial management standards do I include for 

nonprofit participants?



    So as not to force system changes for any State, local government, 

institution of higher education, or other nonprofit organization, your 

expenditure-based TIA's requirements for the financial management system 

of any nonprofit participant are the same as those that apply to the 

participant's other Federal assistance awards. Specifically, the 

requirements are those in:

    (a) 32 CFR 33.20 for State and local governments; and

    (b) 32 CFR 32.21(b) for other nonprofit organizations, with the 

exception of Government-owned, contractor-operated (GOCO) facilities and 

Federally Funded Research and Development Centers (FFRDCs) that are 

excepted from the definition of ``recipient'' in 32



[[Page 239]]



CFR part 32. Although it should occur infrequently, if a nonprofit GOCO 

or FFRDC is a participant, you must specify appropriate standards that 

conform as much as practicable with requirements in that participant's 

other Federal awards.