Federal · Title 31 — Money and Finance
31 U.S.C. § 6401: Definitions
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The term “agency” has the meaning given the term in section 552(f) of title 5 . are not program-specific in nature or program-specific outcome measures, as defined in section 1115(h) of this title ; and are required by agencies for all or the vast majority of recipients of Federal awards for purposes of reporting. The term “Director” means the Director of the Office of Management and Budget. The term “Executive department” has the meaning given the term in section 101 of title 5 . 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; includes a grant, a subgrant, a cooperative agreement, or any other transaction; and that provides for conventional public information services or procurement of property or services for the direct benefit or use of the Government; or direct Government cash assistance to an individual; a subsidy; a loan; a loan guarantee; or insurance. The term “Secretary” means the head of the standard-setting agency. The term “standard-setting agency” means the Executive department designated under section 6402(a)(1). The term “State” means each State of the United States, the District of Columbia, each commonwealth, territory, or possession of the United States, and each federally recognized Indian Tribe. modernize reporting by recipients of Federal grants and cooperative agreements by creating and imposing data standards for the information that those recipients are required by law to report to the Federal Government; implement the recommendation by the Director of the Office of Management and Budget contained in the report submitted under section 5(b)(6) of the Federal Funding Accountability and Transparency Act of 2006 ( 31 U.S.C. 6101 note) relating to the development of a ‘comprehensive taxonomy of standard definitions for core data elements required for managing Federal financial assistance awards’; reduce burden and compliance costs of recipients of Federal grants and cooperative agreements by enabling technology solutions, existing or yet to be developed, for use in both the public and private sectors to better manage the data that recipients already provide to the Federal Government; and strengthen oversight and management of Federal grants and cooperative agreements by agencies by consolidating the collection and display of and access to open data that has been standardized and, where appropriate, increasing transparency to the public.”
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