Federal award
Defined in 1 place of the United States Code.
Federal award.—The term "Federal award"—
(A) means the transfer of anything of value for a public purpose of support or stimulation authorized by a law of the United States, including financial assistance and Government facilities, services, and property;
(B) includes a grant, a subgrant, a cooperative agreement, or any other transaction; and
(C) does not include a transaction or agreement—
(i) that provides for conventional public information services or procurement of property or services for the direct benefit or use of the Government; or
(ii) that provides only—
(I) direct Government cash assistance to an individual;
(II) a subsidy;
(III) a loan;
(IV) a loan guarantee; or
(V) insurance.
Source
- 2019–202631 U.S.C. § 6401Money and Finance · Definitions · in this chapter
The term “Federal award”—
(A) means the transfer of anything of value for a public purpose of support or stimulation authorized by a law of the United States, including financial assistance and Government facilities, services, and property;
(B) includes a grant, a subgrant, a cooperative agreement, or any other transaction; and
(C) does not include a transaction or agreement—
(i) that provides for conventional public information services or procurement of property or services for the direct benefit or use of the Government; or
(ii) that provides only—
(I) direct Government cash assistance to an individual;
(II) a subsidy;
(III) a loan;
(IV) a loan guarantee; or
(V) insurance.
Source
- 2026–present31 U.S.C. § 6401Money and Finance · Definitions · in this chapter