If the recipient or subrecipient retains title to the property, it will have to pay back the Federal company an total calculated by multiplying the percentage from the Federal company's contribution towards the initial purchase (and expenses of any enhancements) by The existing good industry price of the property.
The subsequent is an index of definitions of crucial conditions routinely Utilized in 2 CFR element two hundred. Definitions located in Federal statutes or polices that implement to specific plans just take priority in excess of the following definitions.
(twelve) Council of governments, whether included like a nonprofit corporation less than State law; and
Subparts B through D set forth the uniform administrative specifications for Federal economic help. This consists of setting up needs for Federal companies administration of Federal economical aid programs in advance of a Federal award is built, and demands that Federal agencies may impose on recipients and subrecipients throughout the lifecycle of a Federal award.
(a) Recipients and subrecipients are prohibited from obligating or expending loan or grant resources to:
(two) Even though the tools is being used for that initially-licensed purpose, the recipient or subrecipient will have to not dispose of or encumber its title or other passions without the acceptance from the Federal company or pass-by means of entity.
(b) Until expressly approved by Federal statute, the recipient or subrecipient will have to not use provides acquired Using the Federal award to provide expert services to get a payment that is certainly below a private company would demand for related companies.
the Federal agency will not be required to reimburse these fees If your receiver doesn't get the Federal award or if the Federal award is under predicted and insufficient to cover this sort of charges).
(three) Discover any added necessities which the offerors get more info need to fulfill and all other factors that will be Employed in assessing bids or proposals.
(1) A published demand from customers or assertion by among the list of functions to the Federal award looking for being a subject of correct:
You can find 3 varieties of procurement techniques described In this particular portion: casual procurement strategies (for micro-buys and simplified acquisitions); official procurement techniques (by means of sealed bids or proposals); and noncompetitive procurement solutions.
signifies the auditor's greatest estimate of total questioned expenditures, not just the identified questioned charges. Probably questioned prices are designed by extrapolating from audit proof acquired, for instance, by projecting identified questioned costs recognized within an audit sample to the whole populace from which the sample was drawn.
The receiver and subrecipient need to utilize these concepts in pinpointing allowable charges under Federal awards. The recipient and subrecipient will have to also use these ideas as a information in pricing set-cost contracts and subcontracts when expenditures are used in deciding the right cost. These Charge concepts don't apply to:
(two) The allowability of these fees for your IHE will not depend upon whether they are recorded in the accounting documents of the IHE.