for recipients and subrecipients means procedures intended and applied by recipients and subrecipients to provide sensible assurance regarding the accomplishment of targets in the following categories:
The recipient and subrecipient have to retain all Federal award data for three many years through the day of submission of their remaining monetary report. For awards which are renewed quarterly or per year, the receiver and subrecipient should keep information for 3 several years with the date of submission of their quarterly or once-a-year money report, respectively.
indicates the action a Federal agency or move-through entity requires to discontinue a Federal award, in full or in part, Anytime before the planned finish day with the period of overall performance. Termination isn't going to incorporate discontinuing a Federal award resulting from a scarcity of available resources.
(4) The term “loan promise dedication” usually means a binding agreement by a Federal agency for making a mortgage ensure when specified conditions are fulfilled via the borrower, the lender, or every other occasion into the assurance arrangement.
(one) The worth of donated land and properties will have to not exceed its honest sector value at enough time of donation for the recipient or subrecipient as founded by an unbiased appraiser (such as, Licensed real property appraiser or Typical Companies Administration consultant) and certified by a responsible official on the recipient or subrecipient as expected via the Uniform Relocation Aid and Genuine Property Acquisition Procedures Act of 1970, as amended, (42 U.
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(five) A proposed agreement modification changes the here scope of the contract or improves the deal amount of money by greater than the simplified acquisition threshold.
The recipient or subrecipient is liable for analyzing an acceptable simplified acquisition threshold based on internal controls, an analysis of hazard, and its documented procurement treatments, which can be reduced than, but have to not exceed, the threshold recognized inside the FAR.
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(b) Following the closeout with the Federal award, a romance produced beneath the Federal award may very well be modified or ended in whole or in part. This will only be completed Together with the consent on the awarding Federal company or move-by entity and the recipient or subrecipient, offered the duties on the recipient or subrecipient referred to in paragraph (a) of the portion, such as These for home administration as relevant, are thought of and provisions are created for continuing obligations in the recipient or subrecipient, as appropriate.
indicates a receiver or subrecipient that provides a subaward to a subrecipient (including decreased tier subrecipients) to carry out Section of a Federal program. The authority with the pass-by entity below this aspect flows throughout the subaward agreement between the move-by entity and subrecipient.
(b) The prices can be allowable In the event the Federal award wasn't suspended or expired Typically at the end of the duration of effectiveness during which the termination takes result.
(one) A proposal to establish a value allocation plan or an oblique Charge amount, irrespective of whether submitted into a Federal cognizant company for oblique fees or managed on file through the recipient, need to be Licensed because of the receiver utilizing the Certificate of Value Allocation Prepare
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