49 C.F.R. § 32.650

Grant.

Last amended: 2016Year: 2026Length: 94 wordsOfficial source

Cite as 49 C.F.R. § 32.650 (2026)

Grant means an award of financial assistance that, consistent with 31 U.S.C. 6304, is used to enter into a relationship— (a) The principal purpose of which is to transfer a thing of value to the recipient to carry out a public purpose of support or stimulation authorized by a law of the United States, rather than to acquire property or services for the Federal Government's direct benefit or use; and (b) In which substantial involvement is not expected between the Federal agency and the recipient when carrying out the activity contemplated by the award.
Cross-references to the US Code
31:6304