[Federal Register Volume 85, Number 31 (Friday, February 14, 2020)]
[Notices]
[Page 8592]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-03021]


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FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL

[Docket No. AS20-03]


Appraisal Subcommittee; Notice of Adoption of Grants Handbook

AGENCY: Appraisal Subcommittee of the Federal Financial Institutions 
Examination Council.

ACTION: Notice of adoption of Grants Handbook.

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SUMMARY: The Appraisal Subcommittee (ASC) of the Federal Financial 
Institutions Examination Council (FFIEC) is providing notice of its 
adoption of the Grants Handbook (Handbook). The Handbook is the 
official repository of the policies and procedures for the 
administration of grants made by the ASC as authorized by Title XI of 
the Financial Institutions Reform, Recovery, and Enforcement Act of 
1989, as amended. The ASC adopted the Handbook in the open session ASC 
Special Meeting held December 12, 2019.

FOR FURTHER INFORMATION CONTACT: Mark Abbott, Grants Director, at 
asc.gov">mark@asc.gov, or Alice M. Ritter, General Counsel, at asc.gov">alice@asc.gov, 
ASC, 1325 G Street NW, Suite 500, Washington, DC 20005.

SUPPLEMENTARY INFORMATION: The ASC is authorized to grant funds to the 
Appraisal Foundation under Title XI, section 1109(b)(4). The ASC may 
``make grants in such amounts as it deems appropriate to the Appraisal 
Foundation, to help defray those costs of the foundation relating to 
the activities of its Appraisal Standards and Appraiser Qualifications 
Boards.'' \1\ The ASC is also authorized to grant funds to State 
appraiser certifying and licensing agencies under Title XI section 
1109(b)(5), which provides that the ASC may ``make grants to State 
appraiser certifying and licensing agencies, in accordance with 
policies to be developed by the [ASC], to support the efforts of such 
agencies to comply with [Title XI] . . . .'' \2\
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    \1\ Title XI Sec.  1109(b)(4), 12 U.S.C. 3338(b)(4).
    \2\ Title XI Sec.  1109(b)(5), 12 U.S.C. 3338(b)(5).
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    The Handbook as adopted by the ASC is available to the public and 
can be found at: https://www.asc.gov/Documents/GrantsFundingCorrespondence/ASC%20Grants%20Handbook.pdf on the ASC's 
website (asc.gov). The ASC is also adopting the Office of Management 
and Budget's uniform guidance located in 2 CFR part 200, commonly 
referred to as the ``super circular.'' This guidance consolidates 
existing federal regulations and includes discussion of awards 
processes, procurement rules, indirect costs, internal controls, time 
and effort documentation, and single audit procedures.
* * * * *

    By the Appraisal Subcommittee.

    Dated: February 11, 2020.
James R. Park,
Executive Director.
[FR Doc. 2020-03021 Filed 2-13-20; 8:45 am]
 BILLING CODE 6700-01-P