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Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards - Federal Awarding Agency Regulatory Implementation (US National Foundation on the Arts and the Humanities Regulation) (ARTS) (2018 Edition) The Law Library presents the complete text of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards - Federal Awarding Agency Regulatory Implementation (US National Foundation on the Arts and the Humanities Regulation) (ARTS) (2018 Edition). Updated as of May 29, 2018 This joint interim final rule implements for all Federal award-making agencies the final guidance Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) published by the Office of Management and Budget (OMB) on December 26, 2013. This rule is necessary in order to incorporate into regulation and thus bring into effect the Uniform Guidance as required by OMB. Implementation of this guidance will reduce administrative burden and risk of waste, fraud, and abuse for the approximately $600 billion per year awarded in Federal financial assistance. The result will be more Federal dollars reprogrammed to support the mission, new entities able to compete and win awards, and ultimately a stronger framework to provide key services to American citizens and support the basic research that underpins the United States economy. This book contains: - The complete text of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards - Federal Awarding Agency Regulatory Implementation (US National Foundation on the Arts and the Humanities Regulation) (ARTS) (2018 Edition) - A table of contents with the page number of each section