for recipients and subrecipients implies processes created and carried out by recipients and subrecipients to offer affordable assurance regarding the achievement of aims in the following categories:
(four) Telecommunications or movie surveillance equipment or solutions manufactured or provided by an entity which the Secretary of Defense, in consultation With all the Director on the Countrywide Intelligence or perhaps the Director from the Federal Bureau of Investigation, moderately thinks to become an entity owned or managed by, or otherwise connected to, The federal government of a included international place;
means the procedure by which the Federal agency or go-as a result of entity decides that all applicable administrative steps and all expected function with the Federal award are concluded and takes steps as described in § two hundred.344.
(a) Title to intangible assets acquired beneath a Federal award vests upon acquisition within the recipient or subrecipient. The receiver or subrecipient will have to use that intangible residence for your at first authorized purpose and will have to not encumber the property without the acceptance with the Federal agency or move-by means of entity.
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The mixture greenback amount of the procurement transaction is greater as opposed to micro-purchase threshold but doesn't exceed the simplified acquisition threshold. If simplified acquisition treatments are utilised, price tag or fee quotations need to be acquired from an sufficient range of capable sources.
It is not often probable to specify the categories of charges Which might be categorised as indirect expenses for nonprofit companies mainly because of the diversity in their accounting tactics. The Affiliation of a cost with a Federal award may be the analyzing Think about distinguishing immediate from indirect expenses.
(5) Implements a method for a public goal specified in authorizing statute, in contrast to delivering products or services for the benefit of the pass-by way of entity.
(d) The Federal company or go-by means of entity should not hold off payments to the website recipient or subrecipient for charges meeting the requirements of subpart E of the section.
(b) After the closeout from the Federal award, a relationship created under the Federal award could be modified or led to full or in part. This might only be carried out with the consent of your awarding Federal company or move-by entity as well as recipient or subrecipient, delivered the responsibilities of the receiver or subrecipient referred to in paragraph (a) of the part, together with People for property administration as applicable, are regarded as and provisions are made for continuing obligations of the receiver or subrecipient, as appropriate.
(1) The expression “direct bank loan” suggests a disbursement of cash with the Federal Government into a non-Federal borrower beneath a agreement that requires the repayment of this sort of cash with or without having interest. The time period incorporates the purchase of, or participation in, a mortgage created by One more lender and financing preparations that defer payment for greater than ninety times, such as the sale of a Federal Authorities asset on credit history phrases.
means the time interval amongst the beginning and finish date of a Federal award, which can include one or more funds durations.
(h) The Federal agency need to make every single effort to finish all closeout actions no later than 1 year after the end from the period of functionality. If your indirect Expense charge has not been finalized and would hold off closeout, the Federal agency is licensed to mutually concur Along with the recipient to shut an award applying The existing or most not too long ago negotiated price.
(1) Tangible or intangible belongings Employed in operations getting a practical life of more than one yr which happen to be capitalized in accordance with GAAP. Capital property include things like: