(a) Title to intangible property acquired beneath a Federal award vests on acquisition during the receiver or subrecipient. The receiver or subrecipient will have to use that intangible home for the at first authorized intent and will have to not encumber the property without the acceptance on the Federal company or go-via entity.
(four) Any other entity consisting wholly or partially of a number of international governments or international governmental entities.
(one) The recipient or subrecipient should submit functionality reports as essential from the Federal award. Intervals need to be no less Repeated than annually nor a lot more Regular than quarterly besides if distinct ailments are applied (See § two hundred.208). Experiences submitted annually through the receiver or subrecipient must be due no afterwards than ninety calendar days once the reporting interval. Stories submitted quarterly or semiannually must be owing no later on than thirty calendar days once the reporting period. Alternatively, the Federal company or pass-by way of entity may need yearly stories ahead of the anniversary dates of numerous-calendar year Federal awards.
(2) A physical stock in the home have to be conducted, and the final results should be reconciled Together with the home records at least after each two yrs.
signifies the process by which the Federal agency or move-through entity establishes that each one relevant administrative actions and all required work in the Federal award are actually concluded and normally takes actions as explained in § 200.344.
(5) Implements a method for your public intent laid out in authorizing statute, as opposed to providing products or solutions for the advantage of the pass-by entity.
The Federal agency or move-via entity, Inspectors Standard, the Comptroller Common of the United States, or any of their authorized Associates will need to have the appropriate of use of any records in the recipient or subrecipient pertinent to your Federal award to carry out audits, execute web-site visits, or for some other official use.
(two) Through the time that gear is utilised to the job or plan for which it was obtained, the recipient or subrecipient will have to also make the tools accessible for use on other get more info programs or assignments supported via the Federal Government, offered that these types of use will not likely interfere with the objective for which it was initially acquired. Initial preference for other use from the gear needs to be specified to other courses or tasks supported from the Federal company that financed the machines.
Charges for function done on Federal awards by college members possessing only section-time appointments has to be established at a rate not more than that routinely paid for part-time assignments.
(eleven) The recipient or subrecipient will have to maintain progress payments of Federal money in fascination-bearing accounts Unless of course certainly one of the subsequent applies:
(iii) Appeared unreasonable and did not mirror the actions a prudent man or woman would take inside the conditions.
indicates an individual procurement transaction for provides or companies, the mixture quantity of which will not exceed the micro-obtain threshold. Micro-buys comprise a subset of the recipient's or subrecipient's small buys applying informal procurement solutions as set forth in § two hundred.320.
Incur project expenses 90 calendar times prior to the Federal award day. Charges incurred much more than ninety calendar days before the Federal award day have to have prior acceptance in the Federal agency. All costs incurred ahead of the Federal award day are on the recipient's individual danger (
(b) The prices of a economic statement audit of the receiver or subrecipient that doesn't now have a Federal award could possibly be A part of the oblique Expense pool for a price allocation plan or oblique Charge proposal.