(g) The receiver or subrecipient must not make or preserve any profit resulting from Federal money aid Until explicitly authorized because of the stipulations with the Federal award.
(four) Another entity consisting wholly or partially of a number of overseas governments or overseas governmental entities.
(twelve) Council of governments, whether included being a nonprofit corporation underneath State law; and
(two) The time period “direct loan obligation” usually means a binding settlement by a Federal company to produce a immediate loan when specified problems are fulfilled from the borrower.
(1) Is used to enter right into a partnership, the principal objective of which is to transfer everything of worth to perform a general public function licensed by a legislation of America (see 31 U.
(two) While the tools is being used for that at first-licensed function, the receiver or subrecipient need to not get rid of or encumber its title or other passions with no approval of the Federal company or pass-as a result of entity.
(h) The Federal company will have to make each and every effort and hard work to complete all closeout steps no afterwards than just one calendar year following the stop of your duration of functionality. In the event the indirect Price tag price hasn't been finalized and would delay closeout, the Federal company is approved to mutually concur Together with the recipient to close an award applying The present or most a short while ago negotiated fee.
When included in the terms and conditions from the Federal award, the Federal company may permit the receiver to keep machines, or authorize a go-as a result of entity to allow the subrecipient to retain gear, with no more obligation for the Federal Governing administration Until prohibited by Federal statute or regulation.
Identification of no matter if This system will challenge Federal awards on a discretionary or non-discretionary basis;
(4) Resolve audit results specially relevant to the subaward. However, the go-through entity is just not accountable for resolving cross-reducing audit results that use to the subaward as well as other Federal awards or subawards. If a subrecipient features a present-day Solitary Audit report and it has not been excluded from receiving Federal funding (this means, has not been debarred or suspended), the go-by entity may perhaps count on the subrecipient's cognizant company for audit or oversight agency for audit to accomplish audit stick to-up and make administration choices connected with cross-cutting audit results in accordance with section § 200.
A value is reasonable if it does not exceed an sum that a prudent man or woman would incur under the situation prevailing when the decision was designed to incur the cost. In analyzing the reasonableness of a presented Price tag, thought must be supplied to the following:
The receiver and subrecipient ought to retain all Federal award documents read more for three a long time from your date of submission in their closing monetary report. For awards which are renewed quarterly or per year, the receiver and subrecipient need to retain documents for three yrs within the day of submission of their quarterly or once-a-year money report, respectively.
usually means cost sharing exclusively pledged voluntarily within the proposal's finances around the Component of the receiver or subrecipient, which becomes a binding requirement on the Federal award. See § two hundred.306.
(b) For rates masking a foreseeable future fiscal 12 months on the receiver or subrecipient, the unallowable prices has to be faraway from the oblique Price swimming pools and the prices must be altered.