(a) Every Point out will have to expend and account for the Federal award in accordance with State laws and methods for expending and accounting for the State's resources. All recipient and subrecipient fiscal management techniques, which include data documenting compliance with Federal statutes, laws, as well as the terms and conditions of your Federal award, need to be enough to permit the preparing of stories needed from the terms and conditions; and monitoring expenses to determine that resources happen to be Employed in accordance with Federal statutes, rules, and also the stipulations from the Federal award. See § 200.450.
(two) The Federal Authorities may well either disallow all indirect fees or unilaterally establish an indirect cost level when the receiver fails to submit a Accredited proposal for developing a fee. This level should be dependent on audited historic knowledge or other info furnished to the cognizant agency for oblique expenditures and for which it might be demonstrated that every one unallowable costs have already been excluded.
The recipient or subrecipient is accountable for the settlement of all contractual and administrative concerns arising out of its procurement transactions. These challenges include things like, but aren't restricted to, supply analysis, protests, disputes, and claims. These criteria tend not to relieve the recipient or subrecipient of any contractual tasks below its contracts.
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(one) The worth of donated land and structures need to not exceed its honest market place benefit at time of donation to your receiver or subrecipient as founded by an independent appraiser (for example, Accredited serious assets appraiser or Typical Expert services Administration agent) and Licensed by a liable Formal with the receiver or subrecipient as demanded via the Uniform Relocation Support and Real Property Acquisition Policies Act of 1970, as amended, (42 U.
(ii) Obtains an update to that details that could be useful to other Federal organizations, the Federal agency is strongly inspired to amend the information during the program to include the update inside of a timely way.
(a) The Federal company or pass-via entity may perhaps review the technological specs of proposed procurements under the Federal award In case the Federal agency or pass-by means of entity believes the evaluate is required making sure that the product or assistance specified would be the 1 remaining proposed for acquisition. The recipient or subrecipient must submit the technical specifications of proposed procurements when requested via the Federal agency or go-by way of entity.
(e) Volunteer more info solutions furnished by third-party Experienced and technological personnel, consultants, along with other labor may very well be counted as Charge sharing Should the assistance is necessary for This system. Costs for third-social gathering volunteer solutions needs to be according to Individuals compensated for related function because of the recipient or subrecipient.
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The recipient or subrecipient may well establish a threshold increased than the micro-purchase threshold determined in the Significantly in accordance with the requirements of the part. The receiver or subrecipient could self-certify a threshold nearly $50,000 on an annual foundation and should manage documentation to become built available to the Federal agency or move-by entity and auditors in accordance with § two hundred.
(1) Learns that any of that information and facts is erroneous, the Federal agency will have to proper the information while in the system within 3 small business days; and
Statutory needs may perhaps limit the allowability of expenses. Any charges that exceed the utmost amount of money allowed by statute might not be charged to your Federal award. Only the quantity allowable by statute may be charged for the Federal award.
The receiver or subrecipient have to, at a minimum amount, supply the equal insurance policies protection for real residence and gear acquired or enhanced with Federal resources as provided to assets and devices owned because of the receiver or subrecipient.
When it's anticipated which the duration of efficiency will include a number of price range intervals, the Federal company will have to point out that subsequent price range periods are issue to The supply of money, software authority, satisfactory overall performance, and compliance Using the conditions and terms on the Federal award.