Federal financial assistance is the transfer of anything of value, most often money, from a federal agency to a non-federal entity. In the most general sense, federal financial assistance is a tool the government uses to serve public purposes as defined by Congress.
Federal financial assistance is a very broad term, and it can take on a variety of more precise forms. One of the most common forms is a grant, which we write about quite often on this blog. Continue reading What Is Federal Financial Assistance?