The Uniform Guidance (2 C.F.R. § 200) streamlines and consolidates government requirements for receiving and using federal awards so as to reduce administrative burden and improve outcomes. It was published in the Federal Register (79 Fed. Reg. 75871) on December 19, 2014, and became effective for new and continuation awards issued on or after December 26, 2014. As published in the Federal Register (80 Fed No. 175) and in the Office of Management and Budget (OMB) Frequently Asked Questions related to the Uniform Standards, OMB has granted a two-year grace period for the implementation of the Procurement Standards (Sections 200.317 through 200.326). The new Procurement Standards will become effective for Illinois Institute of Technology as of June 1, 2017. During the grace period, the procurement policies and procedures at Illinois Tech will continue to be in full compliance with OMB Circular A-110. The university will continue to develop procurement procedures consistent with the Uniform Guidance and will continue to follow all current policies of its sponsors.