(g) The recipient or subrecipient must not gain or retain any revenue resulting from Federal financial aid unless explicitly approved via the conditions and terms from the Federal award.
The subsequent is an index of definitions of essential conditions often Employed in two CFR part two hundred. Definitions found in Federal statutes or rules that utilize to individual courses consider priority in excess of the subsequent definitions.
(4) When attaining alternative gear, the recipient or subrecipient could either trade-in or market the machines and make use of the proceeds to offset the expense of the replacement products.
(A) Bids need to be solicited from an ample range of certified resources, delivering them with enough reaction time before the day established for opening the bids.
(2) Has its functionality calculated in relation to whether the aims of the Federal system ended up achieved;
(i) The worth of donated assets have to be determined in accordance Along with the accounting insurance policies on the receiver or subrecipient with the subsequent skills:
(two) Insurance plan costs over the life of trustees, officers, or other workforce Keeping positions of similar accountability are allowable only to your extent the insurance policies signifies added compensation.
implies a formal announcement of The provision of Federal funding via a economic help plan from the Federal agency. The see of funding prospect supplies information on the award, including that's qualified to apply, the analysis standards for choosing a receiver or subrecipient, the necessary components of an application, and how to submit the application.
The receiver or subrecipient is accountable for the settlement of all contractual and administrative challenges arising from its procurement transactions. These difficulties consist of, but are not restricted to, resource evaluation, protests, disputes, and claims. here These requirements don't minimize the receiver or subrecipient of any contractual tasks under its contracts.
(e) When the recipient or subrecipient accepts a loan or grant, it is certifying that it's going to adjust to the prohibition on protected telecommunications devices and solutions With this area.
The Federal company may possibly advise applicants that they do not will need to supply sure details now currently being collected as a result of other signifies.
(i) In various partial payments. The amount of Each and every payment plus the “milestone” or function triggering the payment, must be agreed to ahead of time and included in the Federal award;
(a) The costs outcome from fiscal obligations which ended up adequately incurred via the receiver or subrecipient ahead of the effective date of suspension or termination, and not in anticipation of it; and
signifies expenses made by a receiver or subrecipient to some challenge or plan for which a Federal award is received.