An in-depth exploration of the challenges and opportunities introduced by the Obligation IFR
The U.S. Department of the Treasury’s Interim Final Rule revises the definition of “obligation,” sets new requirements, and updates key deadlines. These adjustments create both advantages and hurdles for grant managers.
To help you clearly understand the impact on your work, download this Explainer. You’ll learn about:
The updated definition of “obligation”
Which costs qualify for SLFRF funding
Essential obligation deadlines (including actions required by April 2024)
Effects on subrecipients and contractors
The overall implications for grant managers