(Recorded Webinar) Property Management and Federal Interest
Many Head Start programs have been trying to acquire new facilities to replace aging facilities and to expand services to meet the ever-growing need for Head Start services in their communities. When acquisition of new facilities is not an option, Head Start programs have sought to make improvements to existing facilities through expansive and expensive renovation projects. Even though the Office of Head Start has not set aside federal funds for the acquisition of new facilities, Head Start agencies must understand when a federal interest is created due to the method of financing and the extent of renovations.
Documenting and managing federal interest in real and personal property is critical to avoiding disputes upon disposition of that property. Failure to fully understand the impact of a federal interest in your nonprofit’s property can expose your organization to sizable liability. This webinar will discuss what a “federal interest” is, how it is created, its importance to Head Start programs, and the legal and practical implications of federal interests in the property.
To purchase the LIVE WEBINAR as a standalone or as an addition to the ON-DEMAND WEBINAR (+$50), click here.
Executive Directors, Head Start Directors, Chief Financial Officers and finance and accounting personnel, but all are welcome.
- Define what a “federal interest” in property is;
- Understand the use, management, and disposition requirements applicable to real and personal property acquired with federal grant funds;
- Identify “federal interest” issues that may arise when offering real and personal property to satisfy cost sharing requirements;
- Outline the related requirements under the Uniform Guidance;
- Discuss the legal and practical implications of federal interests in recipients’ property; and
- Identify common pitfalls associated with federal interest.
Nicole Bacon, a Partner at Feldesman Tucker Leifer Fidell LLP, works in the firm’s Federal Grants, Litigation, and Health Law practice groups. Nicole offers her clients specialized guidance in compliance with federal grant law including specific programmatic requirements as well as the Uniform Administrative Requirements, Cost Principles and Audit Requirements of Federal Awards. Nicole represents a variety of community-based organizations, before State and Federal courts as well as administrative bodies. [Full Bio]
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- 1.50 Certificate of Attendance
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