The Office of the Deputy Secretary at HUD issued Notice SD-2015-01 on February 26, providing guidance regarding the transition to the Code of Federal Regulations from OMB Circulars, requirements pertaining to administrative procedures, cost principles, and audits for federal awards.
Many recipients of HUD awards, as well as advocates, have encountered various Office of Management and Budget (OMB) Circulars, such as A-122, Cost Principles for Non-Profit Organizations, A-110 Uniform Administrative Requirements for Grants and Other Agreements with Institutions of Higher Education, Hospitals, and Other Non-Profit Organizations, and A-87 Cost Principles for State, Local, and Indian Tribal Governments.
OMB and various federal agencies published a joint interim rule, 2 CFR part 200, on December 19, 2014. Eight OMB Circulars are superseded by the joint interim rule, which is intended to streamline the federal government’s guidance on administrative requirements, cost principles, and audit requirements.
Notice SD-2015-01 states that HUD adopted the guidance of 2 CFR part 200 as a new part, 2 CFR part 2400. The Notice also states that HUD amended 24 CFR parts 84 and 85 that had earlier codified OMB Circulars superseded by 2 CFR part 200. The Notice provides highlights of key topics, such as post award requirements including those pertaining to program income, property standards, procurement requirements, and requirements for pass-through entities. A section on cost principles provides highlights regarding direct and indirect costs.
Notice SD-2015-01 is at http://portal.hud.gov/hudportal/documents/huddoc?id=15-01sdn.pdf