(a) Title to intangible property acquired below a Federal award vests upon acquisition within the recipient or subrecipient. The recipient or subrecipient have to use that intangible property for the at first licensed intent and have to not encumber the home with no acceptance from the Federal agency or move-via entity.
The recipient or subrecipient need to manage documents sufficient to element the heritage of every procurement transaction. These information should include things like the rationale with the procurement strategy, contract kind choice, contractor collection or rejection, and The idea with the deal cost.
suggests a value aim that has allocated to it both immediate and oblique expenses and, in the recipient's or subrecipient's accumulation procedure, is among the final accumulation points, for example a selected award, interior job, or other immediate activity of a receiver or subrecipient. See also the definitions of Price tag goal
(four) Severance payments to international nationals utilized through the receiver or subrecipient outside The usa, to the extent that the quantity exceeds the customary or prevailing tactics for your recipient or subrecipient in America, are unallowable Until These are needed by relevant foreign law or necessary for the performance of Federal systems and accepted with the Federal company.
When an appraisal of real house is necessary and attained by the recipient or subrecipient, it needs to be conducted by an unbiased appraiser (as an example, Accredited true assets appraiser or Normal Services Administration consultant) and Accredited by a responsible Formal from the recipient or subrecipient as necessary from the Uniform Relocation Support and Serious Property Acquisition Insurance policies Act of 1970, as amended, (forty two U.
usually means some time interval from the beginning day of the funded part of an award to the end date of that funded portion, for the duration of which recipients and subrecipients are authorized to incur fiscal obligations with the funds awarded, together with any resources carried ahead or other revisions pursuant to § two hundred.308.
signifies the action a Federal agency or pass-by means of entity will take to discontinue a Federal award, in total or partially, Anytime before get more info the prepared conclusion day in the duration of overall performance. Termination doesn't incorporate discontinuing a Federal award due to a scarcity of accessible money.
indicates a Federal loan or loan ensure been given or administered by a recipient or subrecipient, besides as applied in this area's definition of application earnings.
(i) Prices of leaves of absence by personnel for overall performance of graduate work or sabbatical analyze, journey, or study are allowable, offered the IHE contains a uniform prepared policy on sabbatical depart for individuals engaged in instruction and folks engaged in exploration. These prices have to be allocated equitably amid all associated things to do in the IHE.
(e) In the event the recipient or subrecipient accepts a loan or grant, it is actually certifying that it will comply with the prohibition on included telecommunications tools and solutions in this section.
(k) For institutions of bigger education and learning (IHE), voluntary uncommitted Charge sharing really should be handled in another way from obligatory or voluntary fully commited Price sharing. Voluntary uncommitted Price sharing really should not be included in the arranged research base for computing the oblique cost fee or mirrored in any allocation of indirect prices.
(a) Each and every State have to expend and account for that Federal award in accordance with State guidelines and treatments for expending and accounting for the Point out's cash. All recipient and subrecipient fiscal management systems, together with data documenting compliance with Federal statutes, laws, and the conditions and terms of your Federal award, need to be adequate to allow the preparation of stories necessary through the stipulations; and monitoring expenditures to ascertain that funds are used in accordance with Federal statutes, laws, as well as the conditions and terms from the Federal award. See § 200.450.
A Condition will have to use, control and dispose of apparatus acquired below a Federal award in accordance with Condition guidelines and processes. Indian Tribes ought to use, handle, and dispose of apparatus acquired less than a Federal award in accordance with tribal guidelines and methods.
(b) The costs of the economic statement audit of a recipient or subrecipient that does not at this time Have got a Federal award might be included in the indirect Value pool for a cost allocation program or indirect Expense proposal.