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31 U.S.C. § 6401 - U.S. Code - Unannotated Title 31. Money and Finance § 6401. Definitions

Current as of January 01, 2024 | Updated by Findlaw Staff

In this chapter:

(1)Agency.--The term “agency” has the meaning given the term in section 552(f) of title 5.

(2)Core data elements.--The term “core data elements” means data elements relating to financial management, administration, or management that--

(A) are not program-specific in nature or program-specific outcome measures, as defined in section 1115(h) of this title; and

(B) are required by agencies for all or the vast majority of recipients of Federal awards for purposes of reporting.

(3)Director.--The term “Director” means the Director of the Office of Management and Budget.

(4)Executive department.--The term “Executive department” has the meaning given the term in section 101 of title 5.

(5)Federal award.--The term “Federal award”--

(A) means the transfer of anything of value for a public purpose of support or stimulation authorized by a law of the United States, including financial assistance and Government facilities, services, and property;

(B) includes a grant, a subgrant, a cooperative agreement, or any other transaction; and

(C) does not include a transaction or agreement--

(i) that provides for conventional public information services or procurement of property or services for the direct benefit or use of the Government; or

(ii) that provides only--

(I) direct Government cash assistance to an individual;

(II) a subsidy;

(III) a loan;

(IV) a loan guarantee; or

(V) insurance.

(6)Secretary.--The term “Secretary” means the head of the standard-setting agency.

(7)Standard-setting agency.--The term “standard-setting agency” means the Executive department designated under section 6402(a)(1).

(8)State.--The term “State” means each State of the United States, the District of Columbia, each commonwealth, territory, or possession of the United States, and each federally recognized Indian Tribe.

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Cite this article: FindLaw.com - 31 U.S.C. § 6401 - U.S. Code - Unannotated Title 31. Money and Finance § 6401. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/us/title-31-money-and-finance/31-usc-sect-6401/

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