This post was originally published on April 17, 2017 and updated on July 3, 2019.
Federal financial assistance is the transfer of anything of value, most often money, from a federal agency to a non-federal entity.
In the most general sense, federal financial assistance is a tool the government uses to serve public purposes as defined by Congress.
Federal financial assistance is a very broad term, and it can take on a variety of more precise forms.
- One of the most common forms is a grant, which we write about quite often on this blog.
- Other examples of federal financial assistance include cooperative agreements, donations of property, direct appropriations, food commodities, loans, interest subsidies, and insurance.
- Each type of federal financial assistance serves different purposes and has different legal and regulatory frameworks that govern how that specific assistance can be used.
Continue reading What Is Federal Financial Assistance? [Updated]