(i) The value of donated residence has to be identified in accordance Together with the accounting policies from the recipient or subrecipient with the following skills:
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(a) All procurement transactions beneath the Federal award need to be performed in a manner that provides total and open up Level of competition and it is according to the requirements of this segment and § 200.320.
Once the receiver or subrecipient retains title towards the house, it have to pay out the Federal agency an volume calculated by multiplying The proportion of your Federal company's contribution towards the first order (and expenditures of any advancements) by The existing truthful industry value of the home.
The combination dollar degree of the procurement transaction is greater compared to micro-obtain threshold but would not exceed the simplified acquisition threshold. If simplified acquisition methods are utilized, selling price or amount quotations should be attained from an sufficient quantity of competent resources.
The Federal agency or pass-by way of entity, Inspectors Common, the Comptroller General of the United States, or any in their approved representatives need to have the ideal of usage of any documents on the receiver or subrecipient pertinent towards the Federal award to complete audits, execute website visits, or for some other official use.
(1) The only foundation for your willpower would be the applicant's prior document of overall performance on administering Federal awards or its report of integrity and business ethics, as explained in § 200.
The Federal company need to make all funding options available for application for at least sixty calendar days. Nevertheless, the Federal agency could modify the availability period of an opportunity as necessary. By way of example, extending the period may very well be needed to deliver technological support to an applicant pool which was not anticipated once the announcement was produced or has less practical experience with applying for Federal monetary assistance.
(1) A penned demand from customers or assertion by on the list of events to the Federal award trying to get as a make any difference of appropriate:
(e) The information for method income gained click here following the duration of overall performance need to be retained for 3 decades from the close on the recipient's or subrecipient's fiscal yr through which This system earnings is earned.
The applicant's report of handling former and existing Federal awards, which include compliance with reporting requirements and conformance to the stipulations of Federal awards, if relevant;
(two) When the products is being used for that originally-authorized purpose, the receiver or subrecipient have to not dispose of or encumber its title or other passions with no approval on the Federal agency or go-by way of entity.
(1) The receiver or subrecipient need to post overall performance stories as required with the Federal award. Intervals should be no a lot less frequent than per year nor more Regular than quarterly other than if specific situations are utilized (See § two hundred.208). Experiences submitted each year because of the receiver or subrecipient must be due no afterwards than 90 calendar days following the reporting period of time. Reviews submitted quarterly or semiannually have to be owing no later on than 30 calendar days following the reporting period. Alternatively, the Federal agency or go-through entity may well involve yearly stories prior to the anniversary dates of a number of-year Federal awards.