(three) The recipient or subrecipient may possibly transfer title for the residence to your Federal Governing administration or to an suitable third party supplied the receiver or subrecipient has to be entitled to payment for its attributable proportion of the current truthful industry price of the house.
Costs incurred or paid by a Condition or community government on behalf of and in immediate gain to its IHEs are allowable. These expenses contain but will not be limited to fringe benefit programs including pension fees and Federal Insurance policy Contributions Act (FICA) expenses.
A agreement is for the purpose of getting merchandise and solutions to the recipient's or subrecipient's use and creates a procurement partnership having a contractor. See the definition of contract
(2) A Actual physical inventory on the assets need to be carried out, and the outcome must be reconciled With all the residence records a minimum of as soon as each and every two yrs.
(i) An authorised oblique Price tag fee negotiated in between the subrecipient and the Federal Government. If no accepted fee exists, a pass-by way of entity need to identify the suitable price in collaboration with the subrecipient. The oblique Charge amount may very well be either:
(three) The general public exigency or crisis for the need will not allow a delay resulting from supplying public observe of a competitive solicitation;
signifies the motion a Federal company or pass-via entity can take to discontinue a Federal award, in full or in part, at any time before the prepared close day of your duration of functionality. Termination does not involve discontinuing a Federal award because of an absence of obtainable cash.
usually means a Federal loan or loan ensure obtained or 200 loan administered by a receiver or subrecipient, besides as used With this section's definition of software earnings.
(ii) The IHE establishes a regular published definition of labor included by IBS, which happens to be certain enough to find out conclusively when operate over and above that amount has transpired. This definition may be described in appointment letters or other documentation.
(11) The recipient or subrecipient ought to keep advance payments of Federal money in desire-bearing accounts Except among the subsequent applies:
You can find 3 varieties of procurement strategies described In this particular section: casual procurement procedures (for micro-purchases and simplified acquisitions); formal procurement procedures (by means of sealed bids or proposals); and noncompetitive procurement methods.
(b) In administering Federal awards which can be subject matter into a Federal statute prohibiting discrimination based on intercourse, the Federal company or go-via entity need to be sure that the award is administered in a means that doesn't unlawfully discriminate based upon sexual orientation or gender identity When the statute's prohibition on sex discrimination encompasses discrimination depending on sexual orientation and gender identity in keeping with the Supreme Court docket's reasoning in Bostock
(one) The value from the remaining life of the property recorded while in the receiver's or subrecipient's accounting data at the time of donation.
The Federal agency or pass-via entity may well acknowledge the recipient's or subrecipient's bonding plan and prerequisites for development or facility advancement contracts or subcontracts exceeding the simplified acquisition threshold.