Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, 57283 [2015-24114]

Download as PDF 57283 Rules and Regulations Federal Register Vol. 80, No. 184 Wednesday, September 23, 2015 This section of the FEDERAL REGISTER contains regulatory documents having general applicability and legal effect, most of which are keyed to and codified in the Code of Federal Regulations, which is published under 50 titles pursuant to 44 U.S.C. 1510. The Code of Federal Regulations is sold by the Superintendent of Documents. Prices of new books are listed in the first FEDERAL REGISTER issue of each week. EXECUTIVE OFFICE OF THE PRESIDENT Office of National Drug Control Policy 21 CFR Parts 1403, 1404, and 1405 [FR Doc. 2015–24114 Filed 9–22–15; 8:45 am] RIN 3201–AA00 BILLING CODE 3280–F5–P Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards Office of National Drug Control Policy, Executive Office of the President. ACTION: Final rule. AGENCY: The Office of National Drug Control Policy (ONDCP), Executive Office of the President, finalizes its portion of the uniform Federal assistance rule published by the Office of Management and Budget, in the Federal Register on December 19, 2014. DATES: This rule is effective on September 23, 2015. FOR FURTHER INFORMATION CONTACT: David A. Shull, Deputy General Counsel, Office of National Drug Control Policy, 750 17th Street NW., Washington, DC 20504. Telephone: (202) 395–6650. SUPPLEMENTARY INFORMATION: On December 19, 2014, the Office of Information and Regulatory Affairs (OIRA) of the Office of Management and Budget, published an interim final rule that provided comprehensive modifications to the principles and requirements for Federal awards (79 FR 75871). The uniform rules were initially published as 2 CFR part 200. As a part of that rulemaking, the Office of National Drug Control Policy (ONDCP) adopted 2 CFR part 200 in a new part 3603 and removed and reserved its past rules from 21 CFR parts 1403–1405. The ONDCP received no relevant comments in response to the rule. mstockstill on DSK4VPTVN1PROD with RULES SUMMARY: 16:11 Sep 22, 2015 Regulatory Analysis For the regulatory findings and analysis regarding this rulemaking, please refer to the analysis prepared by OIRA in the interim final rule, which is incorporated herein (79 FR at 75876). Accordingly, the interim rule adding 2 CFR part 3603 and amending 21 CFR parts 1403, 1404, and 1405, which was published at 79 FR 75871 on December 19, 2014, is adopted as a final rule without change. Dated: September 16, 2015. David A. Shull, Deputy General Counsel. 2 CFR Part 3603 VerDate Sep<11>2014 Therefore, 2 CFR part 3603, as described in the interim final rule, is adopted with no changes. Jkt 235001 NATIONAL CREDIT UNION ADMINISTRATION 12 CFR Part 704 Corporate Credit Unions National Credit Union Administration (NCUA). ACTION: Final rule. AGENCY: The NCUA Board (Board) is issuing this final rule to exclude Central Liquidity Facility-related bridge loans (CLF-related bridge loans) from the aggregate unsecured lending cap to one borrower applicable to corporate credit unions (Corporates). Specifically, a CLFrelated bridge loan that is exempt from that cap is a bridge loan made by a Corporate to a natural person credit union where the natural person credit union has been approved for a loan by the CLF and is awaiting funding from the CLF. Additionally, this rule excludes CLF-related bridge loans from the calculation of ‘‘net assets’’ and ‘‘net risk weighted assets’’ for determining minimum capital requirements. DATES: This rule is effective October 23, 2015. FOR FURTHER INFORMATION CONTACT: J. Owen Cole, President, Central Liquidity Facility, at 1775 Duke Street, Alexandria, VA 22314 or telephone (703) 518–6360; David Shetler, Deputy Director, Office of National Examinations and Supervision, at the PO 00000 Frm 00001 Fmt 4700 Sfmt 4700 SUPPLEMENTARY INFORMATION: Table of Contents I. Background II. Comment Summary and Final Amendments III. Regulatory Procedures I. Background At its April 2015 meeting,1 the Board issued a proposed rule to exclude CFLrelated bridge loans from the aggregate unsecured lending cap to one borrower applicable to Corporates. The Board issued this proposed rule to provide flexibility to Corporates to enhance their ability to serve natural person credit unions. That proposal was largely in response to comments received on a November 2014 proposed rule that made several technical amendments to NCUA’s corporate regulation.2 II. Comment Summary and Final Amendments RIN 3133–AE52 SUMMARY: above address or telephone (703) 518– 6640; or Justin M. Anderson, Senior Staff Attorney, Office of General Counsel, at the above address or telephone (703) 518–6540. In response to the April 2015 proposal, the Board received seven comment letters. The commenters were comprised of Corporates and credit union trade associations. All of the commenters supported the proposed changes and did not recommend any amendments. Accordingly, for the reasons set forth in the preamble to the April 2015 proposal, the Board is finalizing that proposed rule as published. III. Regulatory Procedures 1. Regulatory Flexibility Act The Regulatory Flexibility Act requires NCUA to prepare an analysis of any significant economic impact a regulation may have on a substantial number of small entities (primarily those under $50 million in assets).3 This rule only affects Corporates, all of which have more than $50 million in assets. Accordingly, NCUA certifies the rule will not have a significant economic impact on a substantial number of small credit unions. 1 80 FR 27108 (May 12, 2015). FR 65353 (Nov. 4, 2014). 3 5 U.S.C. 603(a); 12 U.S.C. 1787(c)(1). 2 79 E:\FR\FM\23SER1.SGM 23SER1

Agencies

[Federal Register Volume 80, Number 184 (Wednesday, September 23, 2015)]
[Rules and Regulations]
[Page 57283]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-24114]



========================================================================
Rules and Regulations
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains regulatory documents 
having general applicability and legal effect, most of which are keyed 
to and codified in the Code of Federal Regulations, which is published 
under 50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by the Superintendent of Documents. 
Prices of new books are listed in the first FEDERAL REGISTER issue of each 
week.

========================================================================


Federal Register / Vol. 80, No. 184 / Wednesday, September 23, 2015 / 
Rules and Regulations

[[Page 57283]]



EXECUTIVE OFFICE OF THE PRESIDENT

Office of National Drug Control Policy

2 CFR Part 3603

21 CFR Parts 1403, 1404, and 1405

RIN 3201-AA00


Uniform Administrative Requirements, Cost Principles, and Audit 
Requirements for Federal Awards

AGENCY: Office of National Drug Control Policy, Executive Office of the 
President.

ACTION: Final rule.

-----------------------------------------------------------------------

SUMMARY: The Office of National Drug Control Policy (ONDCP), Executive 
Office of the President, finalizes its portion of the uniform Federal 
assistance rule published by the Office of Management and Budget, in 
the Federal Register on December 19, 2014.

DATES: This rule is effective on September 23, 2015.

FOR FURTHER INFORMATION CONTACT: David A. Shull, Deputy General 
Counsel, Office of National Drug Control Policy, 750 17th Street NW., 
Washington, DC 20504. Telephone: (202) 395-6650.

SUPPLEMENTARY INFORMATION: On December 19, 2014, the Office of 
Information and Regulatory Affairs (OIRA) of the Office of Management 
and Budget, published an interim final rule that provided comprehensive 
modifications to the principles and requirements for Federal awards (79 
FR 75871). The uniform rules were initially published as 2 CFR part 
200. As a part of that rulemaking, the Office of National Drug Control 
Policy (ONDCP) adopted 2 CFR part 200 in a new part 3603 and removed 
and reserved its past rules from 21 CFR parts 1403-1405.
    The ONDCP received no relevant comments in response to the rule. 
Therefore, 2 CFR part 3603, as described in the interim final rule, is 
adopted with no changes.

Regulatory Analysis

    For the regulatory findings and analysis regarding this rulemaking, 
please refer to the analysis prepared by OIRA in the interim final 
rule, which is incorporated herein (79 FR at 75876).
    Accordingly, the interim rule adding 2 CFR part 3603 and amending 
21 CFR parts 1403, 1404, and 1405, which was published at 79 FR 75871 
on December 19, 2014, is adopted as a final rule without change.

    Dated: September 16, 2015.
David A. Shull,
Deputy General Counsel.
[FR Doc. 2015-24114 Filed 9-22-15; 8:45 am]
 BILLING CODE 3280-F5-P