(a) Title to intangible property obtained less than a Federal award vests on acquisition during the receiver or subrecipient. The receiver or subrecipient have to use that intangible assets to the initially licensed reason and need to not encumber the home with no acceptance on the Federal company or move-through entity.
Whenever a recipient or subrecipient sells the property, it must shell out the Federal agency an sum calculated by multiplying The proportion in the Federal agency's contribution to the first order (and value of any advancements) by the proceeds with the sale immediately after deducting any precise and affordable costs paid out to provide or take care of up the property for sale.
(four) Regular upkeep strategies should be in place to ensure the house is in proper Doing work problem.
(three) Notwithstanding the encouragement in § two hundred.307 to earn plan money, the recipient or subrecipient ought to not use tools obtained with the Federal award to provide expert services for your fee that's less than a private enterprise would charge for similar products and services unless particularly approved by Federal statute.
(nine) The Federal company or move-by entity have to not have to have independent depository accounts for money presented to the recipient or subrecipient or create any eligibility necessities for depositories.
usually means time interval from the beginning date of a funded part of an award to the end date of that funded part, during which recipients and subrecipients are approved to incur economical obligations on the cash awarded, such as any resources carried ahead or other revisions pursuant to § 200.308.
The aggregate quantity of the procurement transaction would not exceed the micro-invest in threshold defined in § 200.1. To your extent practicable, the recipient or subrecipient really should distribute micro-purchases equitably between certified suppliers.
as set forth in appendices III by VII, and IX of this element. The certification have to be signed on behalf from the recipient by somebody in a stage no reduce when compared to the vice president or chief monetary officer on the receiver that submits the proposal.
(six) Pension program fees could be computed employing a fork out-as-you-go strategy or an actuarial Price tag approach identified by GAAP and subsequent the receiver's or subrecipient's established composed policies.
(e) When the receiver or subrecipient accepts a loan or grant, it's certifying that it will adjust to the prohibition on coated telecommunications devices and solutions During this part.
(iii) Appeared unreasonable and didn't replicate the actions a get more info prudent man or woman would choose from the situations.
Compensation for employees engaged in Focus on Federal awards might be fair on the extent that it's consistent with that compensated for very similar do the job in other functions from the receiver or subrecipient. In scenarios in which the kinds of personnel demanded for Federal awards are not located in the other things to do of the receiver or subrecipient, payment is going to be regarded as fair to your extent that it is corresponding to that paid for identical do the job during the labor market place in which the recipient or subrecipient competes for the type of workforce concerned.
Incur challenge costs 90 calendar days before the Federal award day. Charges incurred much more than ninety calendar times ahead of the Federal award day call for prior approval in the Federal company. All costs incurred ahead of the Federal award day are for the recipient's personal threat (
(b) For charges covering a long run fiscal calendar year of your recipient or subrecipient, the unallowable expenditures must be faraway from the oblique Price pools and also the charges has to be adjusted.