This guidance document is intended to assist SHSOs in developing their FY 2016 Annual Reports (ARs). The new reporting requirements provided by the FAST Act and included in the May 23, 2016 interim Federal Regulations are mandatory for the FY 2016 AR. This update contains the two new requirements – see yellow highlights. There are also refreshed links. The best practice examples taken from State Annual Reports have been updated to FY2015 (note: these reports were developed prior to the FAST Act changes).
CAVEAT: This Guidance is not a substitute for a thorough and complete understanding of the applicable Federal laws and regulations.