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One way to consider handling this situation is to determine if the job duties, reporting manager, location of the job, and basic requirements of the job have stayed the same. If only the funding status has changed, you might determine to not create a new requisition. Any candidates that previously had applied for the position, however, would still be considered candidates for the job requisition. However, if changing the funding status changes any job duties, requirements, location of the job, reporting manager, etc., a new requisition should be opened.
You can use this OFCCP audit checklist to ensure you're doing what is required to maintain OFCCP's regulations including VEVRAA, Section 503, and EO 11246. Or request a demo to streamline your compliance and recruiting efforts.