What Happens to Federal Grants & Contracts During a Lapse in Funding due to a Government Shut-Down

Description

As you listen to current news, there are constant threats to shut-down the Federal government.  This session addresses specifically what happens to either grants or contracts during a lapse in funding.  What you need to know.

Highlights

• 8 FAQs providing specific scenarios for contractors and grantees
• What is the Anti-Deficiency Act
• What is a ""necessary implied requirement"" for essential services and how that impacts contracts and grants

Objectives

• Providing the internal OMB Memo on shut-downs
• Understanding the implications of the Anti-Deficiency Act
• Reviewing the FAQs from the OMB memo that specifically addresses shut-down issues specific to Federal contracts and grants

Designed For

Public Accountants, Consultants, Government Contractors and Awardees of Federal Grants and Cooperative Agreements which include: nonprofits, institutes of higher education, hospitals, Federal, state, local and tribal units of government