Gulf Coast Council Final Rule on Federal Award Requirements

Regs.gov: Gulf Coast Ecosystem Restoration Council

Published October 1st, 2024

Detected March 14th, 2026

Summary

The Gulf Coast Ecosystem Restoration Council has issued a final rule amending its requirements for federal awards. This rule adopts revisions from the Office of Management and Budget's (OMB) Guidance for Federal Financial Assistance, effective October 1, 2024, superseding previous administrative requirements.

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What changed

The Gulf Coast Ecosystem Restoration Council has published a final rule that supersedes its existing regulations for Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. This amendment aligns the Council's requirements with the Office of Management and Budget's (OMB) recent revisions to its Guidance for Grants and Agreements, now known as the OMB Guidance for Federal Financial Assistance. The rule adopts these OMB revisions, with the exception of 2 CFR 200.322(c), and becomes effective on October 1, 2024.

This rule is binding on government agencies receiving federal awards administered by the Council. Compliance with the updated OMB guidance is required by the effective date. While the rule itself does not impose new penalties, failure to comply with the underlying federal award requirements could result in adverse actions from the Council or OMB. Regulated entities should review the updated 2 CFR part 200 and ensure their internal policies and procedures reflect these changes by October 1, 2024.

What to do next

Review and adopt the updated OMB Guidance for Federal Financial Assistance (2 CFR part 200) by October 1, 2024.
Ensure internal policies and procedures for federal award administration are updated to reflect the revised requirements.
Note the exception for 2 CFR 200.322(c) and maintain separate compliance for that provision if applicable.

Source document (simplified)

Content

ACTION:

Final rule.

SUMMARY:

The Gulf Coast Ecosystem Restoration Council (Council) publishes this rule to supersede the Council's regulation for Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, in connection with the Office of
Management and Budget's (OMB) recent revisions to its guidance on Grants and Agreements.

DATES:

This rule is effective October 1, 2024.

FOR FURTHER INFORMATION CONTACT:

Joshua Easton at 504-252-7717 or joshua.easton@restorethegulf.gov.

SUPPLEMENTARY INFORMATION:

On April 22, 2024, OMB issued a final rule revising its Guidance for Grants and Agreements, henceforth to be known as the
OMB Guidance for Federal Financial Assistance, effective October 1, 2024 (89 FR 30046, April 22, 2024). The Council publishes
this final rule to adopt OMB's revisions to 2 CFR part 200, except for 2 CFR 200.322(c).

Classification

Paperwork Reduction Act

This rule contains no collections of information subject to the requirements of the Paperwork Reduction Act (44 U.S.C. 3506).
Notwithstanding any other provision of law, no person is required to respond to, nor shall any person be subject to a penalty
for failure to comply with, a collection of information subject to the Paperwork Reduction Act unless that collection displays
a currently valid OMB Control Number.

Regulatory Flexibility Act

Because notice and opportunity for comment are not required pursuant to 5 U.S.C. 553 or any other law, the analytical requirements
of the Regulatory Flexibility Act (5 U.S.C. 601 et seq.) are inapplicable. Therefore, a regulatory flexibility analysis is not required and has not been prepared.

List of Subjects in 2 CFR Part 5900

Accounting, Administrative practice and procedure, Education, Grant programs, Grants administration.

For the reasons set forth above, part 5900 of title 2, chapter LIX of the Code of Federal Regulations is amended as follows:

PART 5900—UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS

Regulatory Text 1. The authority citation for part 5900 continues to read as follows:

Authority:

5 U.S.C. 301; 33 U.S.C. 1321(t)(2); 2 CFR part 200.

Section 5900.101 is revised to read as follows:

§ 5900.101 Adoption of 2 CFR part 200.

The Gulf Coast Ecosystem Restoration Council adopts the Office of Management and Budget guidance in 2 CFR part 200, as revised
effective October 1, 2024, except for 2 CFR 200.322(c) (collectively, OMB guidance). This part gives regulatory effect to
the OMB guidance.

Keala Hughes, Director of External Affairs & Tribal Relations Gulf Coast Ecosystem Restoration Council. [FR Doc. 2024-20667 Filed 9-13-24; 8:45 am] BILLING CODE 6560-58-P