(a) Title to intangible assets obtained beneath a Federal award vests upon acquisition while in the receiver or subrecipient. The recipient or subrecipient ought to use that intangible home for the at first licensed objective and will have to not encumber the home without the approval in the Federal agency or go-via entity.
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Initiate a a single-time extension from the duration of efficiency by as many as 12 months Until a number of in the conditions outlined in paragraphs (g)(2)(i) as a result of (iii) of this area implement. Prior approval just isn't essential if a recipient is approved during the terms and conditions with the Federal award to initiate a just one-time extension. However, the recipient must notify the Federal agency in composing Using the supporting justification as well as a revised period of general performance at least ten calendar times prior to the summary from the period of performance.
indicates economic obligations incurred through the receiver or subrecipient although not paid (liquidated) for economical reports prepared on the cash foundation.
implies the procedure by which the Federal company or move-by way of entity establishes that each one applicable administrative actions and all required get the job done on the Federal award are already finished and takes steps as explained in § two hundred.344.
(six) Specifying just a “model name” solution as an alternative to making it possible for “an equivalent” merchandise to get presented and describing the performance or other suitable necessities on the procurement; and
implies the action a Federal company or go-by entity usually takes to discontinue a Federal award, in whole or in part, at any time ahead of the planned conclude date from the duration of performance. Termination doesn't contain discontinuing a Federal award due to an absence of accessible money.
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(two) The Federal Govt could either disallow all oblique charges or unilaterally set up an indirect Price rate in the event the recipient fails to post a Licensed proposal for creating a fee. This price should be based on audited historical details or other knowledge furnished towards the cognizant agency for oblique fees and for which it might be demonstrated that all unallowable expenses are actually excluded.
(iv) Encompass federally-assisted and all other actions compensated by the recipient or subrecipient on an built-in foundation but may possibly contain the usage of subsidiary data as defined during the recipient's or subrecipient's published policy;
Prices for the receiver or subrecipient ensuing from economical obligations incurred through the get more info recipient or subrecipient throughout a suspension or following the termination of a Federal award are certainly not allowable unless the Federal agency or go-as a result of entity expressly authorizes them within the observe of suspension or termination or subsequently. Having said that, costs throughout suspension or following termination are allowable if:
(one) A proposal to ascertain a value allocation prepare or an oblique Price level, whether or not submitted to the Federal cognizant company for indirect charges or managed on file via the recipient, should be Accredited because of the receiver using the Certificate of Price tag Allocation Strategy
normally means an organization or entity structured for the objective of earning a earnings. The term incorporates but is just not limited to:
Direct prices are Those people expenditures which can be identified precisely with a specific remaining Value objective, like a Federal award, or other internally or externally funded activity, or that can be instantly assigned to this sort of activities reasonably easily that has a higher degree of precision.