(i) The worth of donated home have to be identified in accordance While using the accounting insurance policies from the receiver or subrecipient with the next qualifications:
The receiver and subrecipient are answerable for the oversight from the Federal award. The recipient and subrecipient should observe their pursuits less than Federal awards to be sure they are compliant with all needs and Assembly performance expectations.
indicates the motion a Federal company or pass-via entity usually takes to discontinue a Federal award, in entire or in part, at any time prior to the planned close date from the period of effectiveness. Termination will not involve discontinuing a Federal award because of an absence of obtainable resources.
(two) By the Federal company or pass-by entity With all the consent with the recipient or subrecipient, during which circumstance the two functions will have to concur upon the termination ailments. These disorders involve the efficient day and, in the situation of partial termination, the portion for being terminated;
(three) The procurement is predicted to exceed the simplified acquisition threshold and specifies a “model name” products;
(b) When setting up effectiveness reporting frequency and material, the Federal company really should take into consideration what details is going to be essential to evaluate the recipient's development, to establish promising practices of recipients, and Develop the proof on which the Federal agency tends to make plan and general performance decisions.
There won't be any requirements governing the disposition of program money acquired following the finish from the period of general performance with the Federal award Except if stipulated from the Federal agency restrictions or the conditions and terms of your Federal award.
usually means an award wherein the Federal company, Consistent with specific statutory authority that permits the agency to physical exercise judgment (“discretion”), selects the receiver or the quantity of Federal funding awarded through a competitive process or according to benefit of proposals. A discretionary award could possibly be chosen on a non-competitive basis, as suitable.
(3) The disengagement from a challenge for over three months, or perhaps a twenty five percent reduction in time and effort dedicated to the Federal award about the system of the period of functionality, with the accepted job director or principal investigator.
True residence, website equipment, and intangible residence acquired or enhanced With all the Federal award need to be held in belief through the recipient or subrecipient as trustee for your beneficiaries of the job or plan below which the house was obtained or improved.
Costs for the recipient or subrecipient resulting from economic obligations incurred by the receiver or subrecipient through a suspension or after the termination of a Federal award are usually not allowable Except if the Federal agency or move-through entity expressly authorizes them while in the detect of suspension or termination or subsequently. Nonetheless, fees during suspension or immediately after termination are allowable if:
(b) Conform to any limits or exclusions established forth in these principles or while in the Federal award regarding kinds or quantity of Charge things.
suggests the time interval from the start day of the funded percentage of an award to the tip day of that funded part, through which recipients and subrecipients are licensed to incur monetary obligations with the funds awarded, such as any resources carried forward or other revisions pursuant to § 200.308.
(e) Whether or not the Price represents a deviation through the receiver's or subrecipient's proven published insurance policies and methods for incurring costs.