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 Code of Federal Regulations (Last Updated: October 10, 2024)
 Title 2 - Grants and Agreements
 Subtitle A - Office of Management and Budget Guidance for Grants and Agreements
 Chapter I - Office of Management and Budget Governmentwide Guidance for Grants and Agreements
 Part 25 - Universal Identifier and System for Award Management
 Subpart C - Definitions

  § 25.305 - Award.  

Latest version.

  • § 25.305 Award.

    (a) Award, for the purposes of this part, means an award of Federal financial assistance that a non-Federal entity described in § 25.110(a) receives or administers in the form of -

    (1) A grant;

    (2) A cooperative agreement (which does not include a cooperative research and development agreement pursuant to the Federal Technology Transfer Act of 1986, as amended (15 U.S.C. 3710a));

    (3) A loan;

    (4) A loan guarantee;

    (5) A subsidy;

    (6) Insurance;

    (7) Food commodities;

    (8) A direct appropriation;

    (9) Assessed or voluntary contributions; or

    (10) Any other financial assistance transaction that authorizes the non-Federal entity's expenditure of Federal funds.

    (b) An Award does not include:

    (1) Technical assistance, which provides services in lieu of money; and

    (2) A transfer of title to Federally owned property provided in lieu of money, even if the award is called a grant.