OMB Implements Additional Requirements for Grantees Under Transparency Act

On August 27, 2010, Jeffrey D. Zients, Deputy Director for Management of OMB, issued guidance that will require grantee institutions to report additional information on first tier subawards. The new requirements are the next phase of improving access to information under the Federal Funding Accountability and Transparency Act ("Transparency" or "FFATA").

Effective October 29, 2010, grantees will report the following information on any award involving a subaward:
name of the entity receiving the award;
• amount of the award;
• information on the award including transaction type, funding agency, the North American Industry Classification System code or Catalog of Federal Domestic Assistance number, program source,3
• location of the entity receiving the award and primary location of performance under the award, including city, State, congressional district, and country; award title descriptive of the purpose of each funding action;
• unique identifier of the entity receiving the award and the parent entity of the recipient, should the entity be owned by another entity;4
• names and total compensation of the five most highly compensated officers of the entity if the entity in the preceding fiscal year received 80 percent or more of its annual gross

The Office of Sponsored Projects is preparing for these new requirements and will advise faculty and departments on any needed information.