Some Good News on Real Property

December 7, 2011 | By Jerry Ashworth | Post a Comment

Well, this one almost slipped through the cracks. Thanks to our friends at Grants World Blog, we now know that the Office of Management and Budget has approved a new real property standard report.

The report, SF-429, was developed by the former Grants Policy Committee’s Post-Award Work Group as a standard method for agencies to collect information from recipients of federal financial assistance related to real property that is acquired, furnished, improved or donated under an award and for which the federal government retains an interest. I knew the real property report had been in the works for a while so it’s good to see it’s finally available.

A quick check of the grants management forms link on OMB’s website also shows that it has approved a new standardized forms for tangible personal property. The tangible personal property report and instructions (SF-428) also includes SF-428-A, Annual Report; SF-428-B, Final Report Form and Instructions; SF-428-C, Disposition Request/Report; and SF-428S, Supplemental Form and Instructions.

The grantee community has long been a proponent of standardization, so it’s great to see that the federal government is continuing to take more steps toward that goal. I hope that more efforts to standardize and ease grantee burdens are forthcoming.

What do you think about the new real property report? What other areas would you push for greater standardization? Let us know.

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