Appraisal Subcommittee; Notice of Adoption of Grants Handbook
| Published date | 14 February 2020 |
| Citation | 85 FR 8592 |
| Record Number | 2020-03021 |
| Section | Notices |
| Court | Federal Financial Institutions Examination Council |
Federal Register, Volume 85 Issue 31 (Friday, February 14, 2020)
[Federal Register Volume 85, Number 31 (Friday, February 14, 2020)]
[Notices]
[Page 8592]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-03021]
=======================================================================
-----------------------------------------------------------------------
FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
[Docket No. AS20-03]
Appraisal Subcommittee; Notice of Adoption of Grants Handbook
AGENCY: Appraisal Subcommittee of the Federal Financial Institutions
Examination Council.
ACTION: Notice of adoption of Grants Handbook.
-----------------------------------------------------------------------
SUMMARY: The Appraisal Subcommittee (ASC) of the Federal Financial
Institutions Examination Council (FFIEC) is providing notice of its
adoption of the Grants Handbook (Handbook). The Handbook is the
official repository of the policies and procedures for the
administration of grants made by the ASC as authorized by Title XI of
the Financial Institutions Reform, Recovery, and Enforcement Act of
1989, as amended. The ASC adopted the Handbook in the open session ASC
Special Meeting held December 12, 2019.
FOR FURTHER INFORMATION CONTACT: Mark Abbott, Grants Director, at
asc.gov">[email protected]asc.gov, or Alice M. Ritter, General Counsel, at asc.gov">[email protected]asc.gov,
ASC, 1325 G Street NW, Suite 500, Washington, DC 20005.
SUPPLEMENTARY INFORMATION: The ASC is authorized to grant funds to the
Appraisal Foundation under Title XI, section 1109(b)(4). The ASC may
``make grants in such amounts as it deems appropriate to the Appraisal
Foundation, to help defray those costs of the foundation relating to
the activities of its Appraisal Standards and Appraiser Qualifications
Boards.'' \1\ The ASC is also authorized to grant funds to State
appraiser certifying and licensing agencies under Title XI section
1109(b)(5), which provides that the ASC may ``make grants to State
appraiser certifying and licensing agencies, in accordance with
policies to be developed by the [ASC], to support the efforts of such
agencies to comply with [Title XI] . . . .'' \2\
---------------------------------------------------------------------------
\1\ Title XI Sec. 1109(b)(4), 12 U.S.C. 3338(b)(4).
\2\ Title XI Sec. 1109(b)(5), 12 U.S.C. 3338(b)(5).
---------------------------------------------------------------------------
The Handbook as adopted by the ASC is available to the public and
can be found at: https://www.asc.gov/Documents/GrantsFundingCorrespondence/ASC%20Grants%20Handbook.pdf on the ASC's
website (asc.gov). The ASC is also adopting the Office of Management
and Budget's uniform guidance located in 2 CFR part 200, commonly
referred to as the ``super circular.'' This guidance consolidates
existing federal regulations and includes discussion of awards
processes, procurement rules, indirect costs, internal controls, time
and effort documentation, and single audit procedures.
* * * * *
By the Appraisal Subcommittee.
Dated: February 11, 2020.
James R. Park,
Executive Director.
[FR Doc. 2020-03021 Filed 2-13-20; 8:45 am]
BILLING CODE 6700-01-P
