Core Issue: The Corporation's procurement standards do not meet the requirements of 2 CFR § 200.318 through § 200.326.
Impacted Requirements: Non-compliance with federal procurement standards affects eligibility for funding and may lead to penalties.
Recommended Follow-up: Revise procurement procedures to align with 2 CFR standards and ensure compliance moving forward.
Finding Text
Criteria
Non-federal entities other than states are required to follow the procurement standards set out at 2 CFR § 200.318 through § 200.326. They must use their own documented procurement procedures, which conform to applicable federal statutes and the procurement requirements identified in 2 CFR 200.
Condition
The Corporation’s written procurement standards do not comply with all of the procurement requirements set out at 2 CFR § 200.318 through § 200.326.
Effect
The Corporation is not in compliance with 2 CFR § 200.318 through § 200.326.
Categories
Procurement, Suspension & DebarmentMatching / Level of Effort / Earmarking