[Federal Register Volume 63, Number 193 (Tuesday, October 6, 1998)]
[Rules and Regulations]
[Page 53564]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-26770]
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DEPARTMENT OF COMMERCE
15 CFR Parts 29a and 29b
[Docket No. 980925248-8248-01]
RIN 0605-AA12
Audit Requirements for State and Local Governments; Audit
Requirements for Institutions of Higher Education and Other Non-Profit
Organizations
AGENCY: Department of Commerce (DoC).
ACTION: Final rule.
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SUMMARY: The Department of Commerce (DoC) is removing 15 CFR Part 29a,
``Audit Requirements for State and Local Governments,'' which was
published in the Federal Register as 15 CFR Part 8a on July 26, 1985 to
implement OMB Circular A-128, ``Audits of State and Local
Governments,'' and 15 CFR Part 29b, ``Audit Requirements for
Institutions of Higher Education and Other Non-Profit Organizations,''
which was published in the Federal Register on April 19, 1991 to
implement Office of Management and Budget (OMB) Circular A-133,
``Audits of Institutions of Higher Education and Other Nonprofit
Organizations,'' at which time 15 CFR Part 8a was amended to re-
designate Part 8a as Part 29a. Revised OMB Circular A-133, ``Audits of
States, Local Governments, and Non-Profit Organizations,'' as published
in the Federal Register on June 30, 1997 established uniform audit
requirements for non-Federal entities that administer Federal awards
and implemented the Single Audit Act Amendments of 1996, which were
signed into law on July 5, 1996. The provisions of the revised Circular
A-133 which was re-titled ``Audits of States, Local Governments, and
Non-Profit Organizations,'' as published in the Federal Register on
June 30, 1997 are implemented for the DoC at 15 CFR Part 14, ``Uniform
Administrative Requirements for Grants and Agreements With Institutions
of Higher Education, Hospitals, Other Non-Profit, and Commercial
Organizations,'' and at 15 CFR Part 24, ``Uniform Administrative
Requirements for Grants and Cooperative Agreements to State and Local
Governments.''
EFFECTIVE DATE: October 6, 1998.
FOR FURTHER INFORMATION CONTACT: John J. Phelan, III, Director, Office
of Executive Assistance Management, Telephone Number--202-482-4115.
SUPPLEMENTARY INFORMATION: The Department of Commerce (DoC) is removing
15 CFR Part 29a, ``Audit Requirements for State and Local
Governments,'' which was published in the Federal Register at 15 CFR
Part 8a on July 26, 1985 (50 FR 30418) to implement OMB Circular A-128,
``Audits of State and Local Governments,'' and 15 CFR Part 29b, ``Audit
Requirements for Institutions of Higher Education and Other Non-Profit
Organizations,'' which was published in the Federal Register on April
19, 1991 (56 FR 15992) to implement Office of Management and Budget
(OMB) Circular A-133, ``Audits of Institutions of Higher Education and
Other Nonprofit Organizations,'' at which time 15 CFR Part 8a was
amended to re-designate part 8a as part 29a. Revised OMB Circular A-
133, ``Audits of States, Local Governments, and Non-Profit
Organizations,'' as published in the Federal Register on June 30, 1997
(62 FR 35278) established uniform audit requirements for non-Federal
entities that administer Federal awards and implemented the Single
Audit Act Amendments of 1996, which were signed into law on July 5,
1996 (Public Law 104-156).
OMB Circular A-128 was rescinded and OMB Circular A-133 was revised
by OMB as a result of the consolidation of audit requirements under OMB
Circular A-133, ``Audits of States, Local Governments, and Non-Profit
Organizations.'' The provisions of the revised Circular A-133 which was
re-titled ``Audits of States, Local Governments, and Non-Profit
Organizations,'' as published in the Federal Register on June 30, 1997
(62 FR 35279) are implemented for the DoC at 15 CFR Part 14, ``Uniform
Administrative Requirements for Grants and Agreements With Institutions
of Higher Education, Hospitals, Other Non-Profit, and Commercial
Organizations,'' and at 15 CFR part 24, ``Uniform Administrative
Requirements for Grants and Cooperative Agreements to State and Local
Governments.''
Executive Orders 12866 and 12875
This final rule has been determined to be ``not significant'' for
purposes of Executive Order 12866, ``Regulatory Planning and Review.''
In addition, it has been determined that, consistent with the
requirements of Executive Order 12875, ``Enhancing Intergovernmental
Partnership,'' this final rule will not impose any unfunded mandates
upon State, local, and tribal governments.
Administrative Procedure Act and Regulatory Flexibility Act
Because notice and comments is not required under 5 U.S.C. 553, or
any other law, for this rule relating to public property, loans, grants
benefits or contracts (5 U.S.C. 553(a)), a Regulatory Flexibility
Analysis is not required and has not been prepared for this final rule.
Executive Order 12612 (Federalism Assessment)
This action has been reviewed in accordance with the principles and
criteria contained in Executive Order 12612. It has been determined
that this action does not have sufficient Federalism implications to
warrant a full Federalism Assessment under the principles and criteria
contained in Executive Order 12612.
Paperwork Reduction Act
These actions do not impose any new reporting or recordkeeping
requirements under the Paperwork Reduction Act.
List of Subjects
15 CFR Part 29a
Accounting, Grant programs, Indians, Intergovernmental relations,
Loan programs, Reporting and recordkeeping requirements.
15 CFR Part 29b
Accounting, Colleges and universities, Grant programs, Loan
programs, Nonprofit organizations, Reporting and recordkeeping
requirements.
John J. Phelan,
Director for Executive Assistance Management.
Accordingly, under authority of 5 U.S.C. 301 and 31 U.S.C. 7501, et
seq., Title 15 of the Code of Federal Regulations is amended by
removing Parts 29a and 29b.
[FR Doc. 98-26770 Filed 10-5-98; 8:45 am]
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