Federal Award Law and Legal Definition
According to 38 CFR 41.105 [Title 38 -- Pensions, Bonuses, and Veterans' Relief; Chapter I -- Department of Veterans Affairs; Part 41 -- Audits of States, Local Governments, and Non-Profit Organizations; Subpart A – General], federal award means “Federal financial assistance and Federal cost-reimbursement contracts that non-Federal entities receive directly from Federal awarding agencies or indirectly from pass-through entities. It does not include procurement contracts, under grants or contracts, used to buy goods or services from vendors. Any audits of such vendors shall be covered by the terms and conditions of the contract. Contracts to operate Federal Government owned, contractor operated facilities (GOCOs) are excluded from the requirements of this part.”
Legal Definition list
Related Legal Terms
- Accompanying the Federal Government Outside the United States
- ACG Scheduled Award [Education]
- Active Voters [Federal Elections]
- Actuarial Documents [Federal Crop Insurance Corporation]
- Actuarially Appropriate [Federal Crop Insurance Corporation]
- Administrative Committee of the Federal Register
- Administrative Governor [Federal Reserve System]
- Advisory Councils of Federal Reserve System
- Agent [Federal Elections]
- Aggregate Federal Share of Compensation
