In which year was the Federal Financial Assistance Management Improvement Act (P.L. 106-107) enacted?

The Federal Financial Assistance Management Improvement Act (P.L. 106-107) was enacted in the year 2000. This act aimed to streamline and improve the management of financial assistance programs, emphasizing the need for better coordination between federal agencies and enhancing the efficiency of these programs.

By providing a clear direction for the management of federal grants, the act established standards and measures intended to simplify the application and reporting processes for recipients of federal funds. It reflects a significant effort to ensure that federal financial assistance is disbursed and utilized effectively, benefitting both the governmental agencies involved and the organizations receiving funds.

The enactment of this legislation in 2000 marked a critical step toward improving the overall effectiveness of federal funding operations, which also aligns with broader government initiatives aimed at enhancing accountability and transparency in financial assistance programs.