A subaward is for the objective of carrying out a portion of the Federal award and results in a Federal economic guidance romance that has a subrecipient. See the definition of Subaward
implies the Federal agency responsible for examining, negotiating and approving cost allocation options or oblique Charge proposals on behalf of all Federal agencies.
(1) The receiver's or subrecipient's procurement strategies or operation fails to adjust to the procurement expectations During this section;
(four) The time period “mortgage ensure motivation” signifies a binding settlement by a Federal company to help make a mortgage warranty when specified ailments are fulfilled via the borrower, the lender, or every other bash towards the guarantee arrangement.
(3) The recipient or subrecipient may possibly transfer title on the assets to the Federal Federal government or to an eligible third party presented that the receiver or subrecipient should be entitled to payment for its attributable share of the present good market place value of the home.
Subpart E establishes concepts for analyzing allowable charges incurred by recipients and subrecipients underneath Federal awards.
Federal agencies might not spot restrictions within the recipient or subrecipient that limit community use of the records from the receiver or subrecipient pertinent to your Federal award, except for protected Individually identifiable facts (PII) or other sensitive information if the Federal company can show that these types of records will be saved private and might have been exempted from disclosure pursuant to the liberty of knowledge Act (five U.S.C. 552) or managed unclassified details pursuant to Govt Order 13556 In case the documents had belonged for the Federal agency.
(a) This part offers ideas to get utilized in creating the allowability of particular items involved in identifying Charge, Along with other necessities of the subpart. These rules utilize whether a particular cost more info item is effectively handled as being a direct or indirect Value.
Studies and conclusions from audits carried out below subpart File or perhaps the reports and results of any other readily available audits, if relevant; and
(one) Is accustomed to enter into a romance, the principal intent of that's to transfer nearly anything of price to execute a community purpose licensed by a legislation of the United States (see 31 U.
The recipient or subrecipient is inspired to employ extra and surplus Federal assets alternatively of buying new tools and home when it really is possible and decreases venture expenses.
A State should use, handle and dispose of equipment obtained below a Federal award in accordance with Point out legal guidelines and processes. Indian Tribes need to use, control, and dispose of equipment acquired under a Federal award in accordance with tribal rules and techniques.
The receiver or subrecipient is liable for determining and documenting an correct micro-invest in threshold determined by internal controls, an evaluation of possibility, and its documented procurement processes. The micro-acquire threshold utilized by the recipient or subrecipient has to be authorized or not prohibited underneath Condition, regional, or tribal regulations or restrictions.
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