(g) The receiver or subrecipient need to not gain or keep any gain resulting from Federal economical guidance Until explicitly licensed with the stipulations with the Federal award.
(3) The disposal of scrap or surplus materials acquired while in the efficiency of a Federal award apart from once the recipient or subrecipient is reimbursed for disposal fees in a predetermined quantity; or
(three) Is critical to the general operation of your recipient or subrecipient and is assignable partially into the Federal award in accordance with these Charge principles.
(two) When no Aid Listings Selection is assigned, all Federal awards through the identical agency produced for the same function needs to be blended and regarded as one plan.
indicates tangible own residence (which includes details engineering programs) aquiring a practical life of more than one calendar year and also a per-device acquisition Price that equals or exceeds the lesser of the capitalization degree set up by the recipient or subrecipient for money statement applications, or $10,000.
(i) Learns that any of that facts is faulty, the Federal agency must right the information inside the procedure in three enterprise times;
suggests the Federal agency designated to execute the responsibilities explained in § two hundred.513(a). The cognizant agency for audit will not be necessarily the same as the cognizant agency for indirect charges.
(one) The recipient or subrecipient will have to keep penned specifications of perform covering conflicts of fascination and governing the actions of its staff members engaged in the selection, award, and administration of contracts. No personnel, officer, agent, or board member with a true or clear conflict of fascination could take part in the selection, award, or administration of the deal supported through the Federal award. A conflict of desire contains when the employee, officer, agent, or board member, any member of their speedy loved ones, their husband or wife, or an organization that employs or is about to utilize any of your parties indicated herein, provides a money or other desire in or perhaps a tangible private reap the benefits of an entity viewed as for just a deal.
The receiver or subrecipient get more info is accountable for the settlement of all contractual and administrative concerns arising outside of its procurement transactions. These concerns include, but are usually not restricted to, source evaluation, protests, disputes, and statements. These requirements usually do not ease the recipient or subrecipient of any contractual duties underneath its contracts.
Federal businesses should set up conflict of fascination insurance policies for Federal awards. A recipient or subrecipient have to disclose in writing any probable conflict of desire into the Federal company or go-via entity in accordance Along with the founded Federal agency guidelines.
The Federal agency may possibly waive any overall performance report that is not necessary to make sure the targets and objectives with the Federal award are being obtained.
The prices incurred by a receiver or subrecipient to Get better poor payments, together with inappropriate overpayments, are allowable as both direct or indirect expenditures, as correct.
When realistic, the receiver or subrecipient is encouraged to utilize worth engineering clauses in contracts for development assignments of enough dimensions to supply affordable possibilities for Expense reductions.
(2) The allowability of those fees for your IHE does not count on whether they are recorded within the accounting records with the IHE.