(g) The receiver or subrecipient ought to not receive or keep any financial gain resulting from Federal money support Unless of course explicitly approved by the conditions and terms of the Federal award.
The following is a summary of definitions of crucial phrases commonly used in two CFR part 200. Definitions located in Federal statutes or polices that use to individual courses choose precedence about the next definitions.
(4) Normal servicing methods must be in position to ensure the house is in appropriate Doing the job situation.
(1) The value of donated land and buildings have to not exceed its fair current market value at time of donation to the recipient or subrecipient as established by an independent appraiser (such as, Qualified genuine house appraiser or General Expert services Administration consultant) and Licensed by a liable Formal of your receiver or subrecipient as necessary with the Uniform Relocation Support and Serious Home Acquisition Guidelines Act of 1970, as amended, (forty two U.
(one) The receiver or subrecipient should be compensated beforehand, provided it maintains or demonstrates the willingness to maintain the two created techniques that limit enough time elapsing among the transfer of cash and disbursement with the recipient or subrecipient, and money administration devices that fulfill the benchmarks for fund Regulate and accountability as recognized With this section. Advance payments to the recipient or subrecipient need to be restricted to the minimal quantities required and be timed with actual, immediate cash demands in the receiver or subrecipient in carrying out the objective of the accepted plan or task.
The reasonableness and allocability of certain costs underneath Federal awards could possibly be tricky get more info to decide. In order to avoid subsequent disallowance or dispute dependant on unreasonableness or nonallocability, the recipient may find the prior published acceptance with the Federal company (or, for oblique expenditures, the cognizant agency for oblique expenses) prior to incurring the cost.
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(two) Through the time that machines is utilized within the venture or software for which it had been obtained, the receiver or subrecipient will have to also make the machines obtainable for use on other courses or tasks supported from the Federal Federal government, furnished that these kinds of use will likely not interfere Using the objective for which it had been at first obtained. 1st choice for other use with the devices should be specified to other programs or tasks supported from the Federal agency that financed the machines.
(four) At the conclusion of a set sum award, the receiver or subrecipient will have to certify in producing on the Federal agency or go-by entity the project was finished as agreed to within the Federal award, or identify These pursuits which were not concluded, and that each one expenses were being incurred in accordance with § 200.403. Once the required actions weren't performed, which includes preset amount awards compensated on a device price foundation less than two hundred.
(ii) Obtains an update to that data that could be helpful to other Federal companies, the Federal company is strongly inspired to amend the information within the technique to include the update in a very timely way.
The Federal company might waive any general performance report that isn't needed to make sure the targets and targets from the Federal award are being achieved.
for recipients and subrecipients signifies processes developed and implemented by recipients and subrecipients to deliver acceptable assurance regarding the accomplishment of objectives in the subsequent classes:
(four) Salaries and wages of staff members Employed in Conference Charge sharing prerequisites on Federal awards should be supported in a similar fashion as salaries and wages claimed for reimbursement from Federal awards.
Statutory necessities may perhaps Restrict the allowability of expenditures. Any costs that exceed the utmost total permitted by statute might not be charged towards the Federal award. Only the amount allowable by statute may be billed to your Federal award.