A Federal Grant is an award of financial assistance from a Federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States. A grant is not used to acquire property or services for the Federal government’s direct benefit. Twenty-six Federal agencies annually offer over 1,000 grant programs in various categories. For more in visit http://www.capitalpublications.com
Agencies will allow applicants for Federal Grants to apply for and ultimately manage grant funds online through a common web site, simplifying grants management and eliminating redundancies.”
The concept has its origins in the Federal Financial Assistance Management Improvement Act of 1999, also known as Public Law 106-107. P.L. 106-107 was enacted in November of that year and the purposes are to:
Improve the effectiveness and performance of Federal financial assistance programs.
Simplify Federal assistance application and reporting requirements.
Improve the delivery of services to the public.
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