Purpose of this part.

(a) This part specifies standard wording of general terms and conditions concerning submission and maintenance of recipient information; records retention and access; remedies for noncompliance and termination; claims, disputes, and appeals; collection of amounts due; closeout; and after-the-award requirements. (b) It thereby implements OMB guidance for grants and cooperative agreements in multiple portions of 2 CFR part 200, as those portions apply to general terms and conditions. Specifically, this part implements: (1) 2 CFR 200.113 and 200.210(b)(1)(iii); (2) 2 CFR 200.300(b) as it refers to requirements in 2 CFR part 25; and (3) 2 CFR 200.333 through 200.345.