What Happens to Federal Grants & Contracts During a Lapse in Funding due to a Government Shut-Down (1 hour)

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Apr 16, 2020

Registration: 8:30 AM / Program: 9:00 AM - 10:00 AM

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

As you listen to current news, there are constant threats to shut-down the Federal government.  This session addresses specifically what happens to either grants or contracts during a lapse in funding.  What you need to know.

Designed For

Public Accountants, Consultants, Government Contractors and Awardees of Federal Grants and Cooperative Agreements which include: nonprofits, institutes of higher education, hospitals, Federal, state, local and tribal units of government

Objectives

  • Providing the internal OMB Memo on shut-downs
  • Understanding the implications of the Anti-Deficiency Act
  • Reviewing the FAQs from the OMB memo that specifically addresses shut-down issues specific to Federal contracts and grants

Major Subjects

  • 8 FAQs providing specific scenarios for contractors and grantees
  • What is the Anti-Deficiency Act
  • What is a ""necessary implied requirement"" for essential services and how that impacts contracts and grants

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email profdev@orcpa.org.