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32 C.F.R. § 266.1   Purpose.

Title 32 - National Defense

Title 32: National Defense
PART 266—AUDITS OF STATE AND LOCAL GOVERNMENTS, INSTITUTIONS OF HIGHER EDUCATION, AND OTHER NONPROFIT INSTITUTIONS

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§ 266.1   Purpose.

This part:

(a) Updates policy, responsibilities, and procedures.

(b) Implements Public Law 98–502 (31 U.S.C. 7501–7507 and 3512) and Office of Management and Budget (OMB) Circulars A–128¹ and A–133² to establish audit requirements for State and local governments, institutions of higher education, and other nonprofit institutions that receive Federal financial assistance.

¹ Forward written requests to: Office of Management and Budget Publications, 725 17th Street, NW. New Executive Office Building, Washington, DC 20503.

² See footnote 1 to §266.1(b).

(c) Assigns responsibilities within the Department of Defense for monitoring compliance with those requirements.

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