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10 <br /> <br />Yes, if the purchase of the asset was consistent with the limitations on the eligible use of funds provided <br />by section 601(d) of the Social Security Act. <br />What rules apply to the proceeds of disposition or sale of assets acquired using payments from the <br />Fund? <br />If such assets are disposed of prior to December 30, 2020, the proceeds would be subject to the <br />restrictions on the eligible use of payments from the Fund provided by section 601(d) of the Social <br />Security Act. <br />Are Fund payments to State, territorial, local, and tribal governments considered grants? <br />No. Fund payments made by Treasury to State, territorial, local, and Tribal governments are not <br />considered to be grants but are “other financial assistance” under 2 C.F.R. § 200.40. <br />Are Fund payments considered federal financial assistance for purposes of the Single Audit Act? <br />Yes, Fund payments are considered to be federal financial assistance subject to the Single Audit Act (31 <br />U.S.C. §§ 7501-7507) and the related provisions of the Uniform Guidance, 2 C.F.R. § 200.303 regarding <br />internal controls, §§ 200.330 through 200.332 regarding subrecipient monitoring and management, and <br />subpart F regarding audit requirements. <br />Are Fund payments subject to other requirements of the Uniform Guidance? <br />Fund payments are subject to the following requirements in the Uniform Guidance (2 C.F.R. Part 200): 2 <br />C.F.R. § 200.303 regarding internal controls, 2 C.F.R. §§ 200.330 through 200.332 regarding subrecipient <br />monitoring and management, and subpart F regarding audit requirements. <br />Is there a Catalog of Federal Domestic Assistance (CFDA) number assigned to the Fund? <br />Yes. The CFDA number assigned to the Fund is 21.019. <br />If a State transfers Fund payments to its political subdivisions, would the transferred funds count <br />toward the subrecipients’ total funding received from the federal government for purposes of the <br />Single Audit Act? <br />Yes. The Fund payments to subrecipients would count toward the threshold of the Single Audit Act and 2 <br />C.F.R. part 200, subpart F re: audit requirements. Subrecipients are subject to a single audit or program- <br />specific audit pursuant to 2 C.F.R. § 200.501(a) when the subrecipients spend $750,000 or more in federal <br />awards during their fiscal year. <br />Are recipients permitted to use payments from the Fund to cover the expenses of an audit conducted <br />under the Single Audit Act? <br />Yes, such expenses would be eligible expenditures, subject to the limitations set forth in 2 C.F.R. § <br />200.425. <br />If a government has transferred funds to another entity, from which entity would the Treasury <br />Department seek to recoup the funds if they have not been used in a manner consistent with section <br />601(d) of the Social Security Act? <br />The Treasury Department would seek to recoup the funds from the government that recei ved the payment <br />directly from the Treasury Department. State, territorial, local, and Tribal governments receiving funds <br />from Treasury should ensure that funds transferred to other entities, whether pursuant to a grant program