(a) This section applies to the reports required under -
(1) 2 CFR 200.327 (Financial reporting); and
(2) 2 CFR 200.328 (Monitoring and reporting program performance).
(b) A grantee shall submit these reports annually, unless the Secretary allows less frequent reporting.
(c) The Secretary may require a grantee to report more frequently than annually, as authorized under 2 CFR 200.207, Specific conditions, and may impose high-risk conditions in appropriate circumstances under 2 CFR 3474.10.
[79 FR 76093, Dec. 19, 2014]