31 CFR 205.5 - What are the thresholds for major Federal assistance programs?
(a) Table A of this section defines major Federal assistance programs based on the dollar amount of an individual Federal assistance program and the dollar amount of all Federal assistance being received by a State for all Federal assistance programs including non-cash programs. A State must locate the appropriate row in Column A based upon the total amount of Federal assistance received. In that same row, a State must apply the percentage from Column B to the dollar value of all its Federal assistance programs to determine the State's threshold for major Federal assistance programs. For example, if the total amount received by a State for all Federal assistance programs is $50 million, then that State's threshold for major Federal assistance programs is 6% of $50 million or $3 million. A State which receives more than $10 billion under Federal assistance programs will have a minimum default threshold of $60 million.
(b) To ensure adequate coverage of all State programs, a State must, on an annual basis, compare its program coverage using the percentage obtained from Table A to the program coverage which would result using a percentage which is half of the percentage obtained from Table A. For example, a State receiving $1 billion in Federal Assistance would use Table A to learn that its threshold level would be .60 percent of $1 billion. A State would compare program coverage at .60 percent of $1 billion to program coverage at .30 percent of $1 billion.
(c) If the comparison conducted under paragraph (b) of this section results in a reduction of program coverage that is greater than 10%, a State must lower its threshold, or add programs, until the difference is less than or equal to 10%.
(e) Unless specified otherwise, major Federal assistance programs must be determined from the most recent Single Audit data available.
Table A to § 205.5
Total amount of Federal Assistance for all programs per State:
Major Federal Assistance Program means any Federal assistance program that exceed these levels:
|Between zero and $100 million inclusive||6.00 percent of the total amount of Federal assistance.|
|Over $100 million but less than or equal to $10 billion||0.60 percent of the total amount of Federal assistance.|
|Over $10 billion||The greater of 0.30 percent of the total Federal assistance of $60 million.|
Title 31 published on 18-Mar-2017 03:27
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 31 CFR Part 205 after this date.