(3) The receiver or subrecipient may possibly transfer title towards the residence to the Federal Authorities or to an eligible third party offered which the recipient or subrecipient has to be entitled to payment for its attributable share of the current fair marketplace worth of the house.
Except prohibited by Federal statute, the Federal company should design and execute a benefit overview process of applications for discretionary Federal awards. The objective of a advantage review approach is to choose recipients probably to achieve success in offering final results based upon the program aims as outlined in part § 200.202. A advantage evaluation is an objective strategy of analyzing Federal award purposes in accordance Together with the prepared criteria of the Federal agency.
The Federal agency will have to use OMB-accredited widespread information and facts collections (by way of example, Investigation Functionality Progress Experiences) when requesting efficiency reporting info. The Federal agency or go-by way of entity may not acquire functionality stories far more regularly than quarterly Unless of course a specific ailment has long been carried out in accordance with § two hundred.208. For the extent practicable, the Federal company or go-through entity ought to align the thanks dates of functionality stories and fiscal stories. When reporting program functionality, the recipient or subrecipient need to relate fiscal information and venture or program achievements for the efficiency goals and goals in the Federal award. Also, the recipient or subrecipient ought to provide Charge data to reveal Charge-helpful techniques (for instance, by way of unit Value knowledge) when demanded because of the stipulations from the Federal award.
(two) Withholding authority to progress to another stage until finally receipt of evidence of acceptable effectiveness;
implies the Federal company's or move-through entity's prepared dedication, provided towards the auditee, on the adequacy from the auditee's proposed corrective actions to deal with the findings depending on its analysis of the audit findings and proposed corrective steps.
A brief summary in the statutory or regulatory prerequisites of This system and its meant outcome. In which suitable, the program description, intent, plans, and effectiveness measurement ought to align Using the strategic goals and targets within the Federal company's efficiency system and may assistance the Federal company's general performance measurement, management, purchaser encounter initiatives, and reporting as required by Element six of OMB Round A-eleven;
means an entity that gets a Federal award directly from a Federal agency to execute an action below a Federal program. The expression recipient doesn't include subrecipients or people today which are members or beneficiaries on the award.
(a) Title to supplies acquired underneath the Federal award will vest upon acquisition during the recipient or subrecipient. When You will find a residual inventory of unused provides exceeding $ten,000 in aggregate benefit at the conclusion of the duration of efficiency, and the materials are not required for some other Federal award, the receiver or subrecipient may possibly retain or sell the unused more info materials. Unused provides implies supplies which can be in new affliction, not getting been used or opened ahead of. The aggregate worth of unused supplies consists of all source types, not similar to-merchandise provides.
(ii) Charges for educating actions executed by school associates on Federal awards through durations not A part of IBS period must be according to the prepared coverage with the IHE governing payment to college users for teaching assignments throughout these types of intervals.
(a) Voluntary fully commited cost sharing will not be expected under Federal exploration grants. The Federal agency may well not use voluntary committed Expense sharing as a factor during the merit evaluation of applications or proposals for Federal study grants unless licensed by Federal statutes or company restrictions and laid out in the detect of funding chance.
usually means an entity that receives a subaward from the move-by entity to execute A part of a Federal award. The time period subrecipient does not incorporate a beneficiary or participant. A subrecipient could also be a recipient of other Federal awards directly from a Federal agency.
(one) Use the gear for your licensed purposes in the undertaking during the duration of performance or right up until the home is now not required for your functions in the job.
frequently indicates a company or entity structured for the objective of earning a revenue. The time period contains but isn't restricted to:
The receiver and subrecipient are chargeable for the oversight with the Federal award. The receiver and subrecipient ought to keep an eye on their actions less than Federal awards to guarantee They may be compliant with all requirements and Conference general performance expectations.