Certified Research Administrator Practice Exam

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

1. 2002

2. 2001

3. 2000

4. 1999

The correct answer is: 1999

The Federal Financial Assistance Management Improvement Act (P.L. 106-107) was enacted in 2000. This legislation aimed to streamline and improve the federal financial assistance process by promoting the use of electronic government and simplifying applications and reporting requirements for recipients of federal funding. It reflects the government's initiative to enhance the efficiency and effectiveness of its funding mechanisms. Understanding the context of this act and its impact on federal funding is crucial for anyone involved in research administration, as it directly affects how grants and assistance are managed at various levels.