This letter requests clear guidance from the U.S. Treasury on:
- the definition of obligation with respect to payroll costs for compliance, monitoring, oversight, reporting, and auditing incurred and paid between 12/31/2024 and 12/31/2026;
- the period of performance for audit costs incurred and paid after 12/31/2026; and
- the ability to swap eligible costs, incurred during the period of performance but not claimed, after the 12/31/2024 obligation deadline.
- Publication date: December 2023