[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]
BILLING CODE 3510-FA-M