(b) The prices are thoroughly supported by authorized Price tag allocation plans in accordance Along with the relevant Expense accounting ideas of this section; and
The recipient or subrecipient have to keep data adequate to depth the history of each and every procurement transaction. These data must consist of the rationale for that procurement strategy, deal style range, contractor assortment or rejection, and the basis for your agreement value.
(4) When getting alternative machines, the receiver or subrecipient may possibly possibly trade-in or sell the tools and make use of the proceeds to offset the expense of the alternative gear.
suggests the Federal company responsible for examining, negotiating and approving Price tag allocation programs or oblique Charge proposals on behalf of all Federal agencies.
Besides as otherwise furnished by Federal statutes or even the Federal agency, true home need to be used for the initially authorized reason so long as it is necessary for that goal. Even though the residence is getting used to the at first licensed intent, the recipient or subrecipient will have to not eliminate or encumber its title or other interests except as furnished by the Federal company.
(i) The value of donated assets has to be determined in accordance With all the accounting insurance policies on the recipient or subrecipient with the next skills:
(3) The Federal company have to provide a copy of the complete text of the general terms and conditions if a receiver requests it.
(a) Title to provides obtained beneath the Federal award will vest upon acquisition while in the receiver or subrecipient. When You will find a residual inventory of unused provides exceeding $10,000 in mixture price at the conclusion of the duration of effectiveness, and also the supplies are not necessary for every other Federal award, the recipient or subrecipient may perhaps keep or market the unused materials. Unused provides implies supplies which might be in new affliction, not owning been utilised or more info opened in advance of. The combination price of unused provides contains all source kinds, not just like-item supplies.
(h) The method useful for identifying the value of donated devices, properties, and land for which title passes for the receiver or subrecipient could differ according to the next:
that is covered by a disclosure exemption underneath the liberty of Information Act (FOIA). In the event the recipient asserts in just seven calendar times into the Federal agency which posted the data that a disclosure exemption under FOIA covers a few of the information built publicly accessible, the Federal company that posted the data need to eliminate the publishing within just 7 calendar days of acquiring the assertion.
(k) For institutions of larger training (IHE), voluntary uncommitted Value sharing really should be taken care of differently from necessary or voluntary dedicated Price tag sharing. Voluntary uncommitted cost sharing shouldn't be A part of the organized study foundation for computing the oblique Price charge or reflected in almost any allocation of oblique fees.
means all simple and utilized investigate things to do and all enhancement actions carried out by a recipient or subrecipient. The phrase study also features pursuits involving the schooling of people in investigate procedures where by this kind of routines use a similar amenities as other exploration and progress pursuits and the place these types of routines usually are not included in the instruction functionality.
(one) The worth in the remaining life of the residence recorded while in the receiver's or subrecipient's accounting records at time of donation.
(four) The expression “loan assurance commitment” signifies a binding settlement by a Federal company to produce a loan ensure when specified circumstances are fulfilled with the borrower, the lender, or any other get together on the warranty settlement.