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2 CFR §1128.100 — Purpose of FMS Article I.

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
FMS Article I specifies standards for recipients' financial management systems. It thereby implements OMB guidance in:
  1. (a)2 CFR 200.302, 200.303, and 200.328; and
  2. (b)2 CFR 200.301 and 200.328, as they relate to associations between financial data and performance accomplishments and reporting.