What is the Federal Grant and Cooperative agreement Act?

The Federal Grant and Cooperative Agreement Act set out to guide government agencies in their use of Federal funds – particularly by distinguishing between contracts, cooperative agreements and grants. Contracts, the law states, are awarded when a Federal agency is acquiring something – a service, for example.

What is a cooperative agreement in grants?

Both cooperative agreements and grants are “a legal instrument of financial assistance between a Federal awarding agency or pass-through entity and a non-Federal entity” as defined in the OMB Uniform Guidance (§200.24 for cooperative agreement and §200.51 for grant agreement). …

What is the difference between grants and cooperative agreements?

The purpose of a grant is to provide assistance; there is generally little involvement by the sponsor, and the award instrument refers to general terms and conditions. Cooperative agreements also provide assistance, but with substantial sponsor involvement, typically described in a set of specific terms.

What is the cooperative agreement?

Cooperative Agreement Definition A cooperative agreement reflects a relationship between the U.S. Government and a recipient and is used when the government’s purpose is to assist the intermediary in providing goods or services to the authorized recipient.

What is the difference between Grant and cooperative agreement?

The main difference between a grant and a cooperative agreement is that in a grant, not much substantial interaction occurs between the federal government and the awardee. In a cooperative agreement, there is significant involvement by the federal government associated with the stated agreement.

What is the definition of cooperative agreement?

Learn More →. A cooperative agreement is a legal agreement between the federal government and any other entity. A cooperative agreement occurs when the federal government transfers something of value, usually money, to a state government, municipality or private company for a public purpose.

What is a grant contract?

Grant contract – means a written contract between the federal government, the State, a Grantee, or a Subrecipient that contains the terms and conditions governing the parties’ duties and responsibilities with respect to an Award.