TITLE 2 - GRANTS AND AGREEMENTS

SUBTITLE A - OFFICE OF MANAGEMENT AND BUDGET GUIDANCE FOR GRANTS AND AGREEMENTS

CHAPTER II - OFFICE OF MANAGEMENT AND BUDGET CIRCULARS AND GUIDANCE

PART 220 - COST PRINCIPLES FOR EDUCATIONAL INSTITUTIONS (OMB CIRCULAR A - 21)

220.25 - OMB responsibilities.

OMB is responsible for: (a) Issuing and maintaining the guidance in this part.

  (b) Interpreting the policy requirements in this part and providing assistance to ensure effective and efficient implementation.

  (c) Granting any deviations to Federal agencies from the guidance in this part, as provided in Appendix A to this part. Exceptions will only be made in particular cases where adequate justification is presented.

  (d) Conducting broad oversight of government-wide compliance with the guidance in this part.