The Federal Highway Administration (FHWA) has released an updated version of its “Federal Funding Accountability and Transparency Act Questions and Answers.”

The original report was released on Oct. 20. The latest update was released on Nov. 24.

The latest questions and answers from FHWA follow:

Q-1: What is required to be reported as part of the Federal Funding Accountability and Transparency Act (FFATA)?

A-1:  FFATA prescribes specific pieces of information to be reported:

1. The following data about sub-awards greater than $25,000
   1. Name of entity receiving award
   2. Amount of award
   3. Funding agency
   4. NAICS code for contracts / Catalog of Federal Domestic Assistance (CFDA) program number for grants
   5. Program source
   6. Award title descriptive of the purpose of the funding action
   7. Location of the entity (including congressional district)
   8. Place of performance (including congressional district)
   9. Unique identifier of the entity and its parent; and
   10. Total compensation and names of top five executives (same thresholds as for primes)
2. The total compensation and names of the top five executives if:
   1. More than 80 percent of annual gross revenues are from the federal government, and those revenues are greater than $25,000,000 annually; and
   2. Compensation information is not already available through reporting to the U.S. Securities and Exchange Commission (SEC).

According to the Office of Management and Budget (USASpending.gov),” classified information is exempt from the prime and sub-award reporting requirement as are contracts with individuals.”

Q-2: What is the required statement that must be included in all new project agreements, beginning on Oct. 1, 2010?

A-2: The following language must be included in the State remarks section of each new award, or modification of existing award, first authorized after Oct. 1, 2010: