When the receiver or subrecipient retains title on the property, it should pay back the Federal agency an amount of money calculated by multiplying The share from the Federal company's contribution in direction of the initial invest in (and expenditures of any improvements) by the current fair market place price of the house.
(3) The value of donated space must not exceed the truthful rental value of equivalent space as set up by an unbiased appraisal of similar Place and services inside a privately-owned making in the same locality.
suggests, for functions of § 200.330 or when used in connection with the acquisition or enhancement of serious assets, products, or provides underneath a Federal award, the dollar volume that is the solution on the:
implies the Federal agency liable for examining, negotiating and approving Price allocation strategies or indirect Expense proposals on behalf of all Federal businesses.
(9) The Federal company or move-by way of entity will have to not need individual depository accounts for money furnished to the receiver or subrecipient or create any eligibility prerequisites for depositories.
The recipient or subrecipient is answerable for figuring out and documenting an suitable micro-acquire threshold dependant on interior controls, an evaluation of possibility, and its documented procurement procedures. The micro-purchase threshold employed by the receiver or subrecipient needs to be authorized or not prohibited underneath Point out, area, or tribal laws or restrictions.
implies an entity that gets a Federal award directly from a Federal company to perform an exercise underneath a Federal method. The term receiver will not contain subrecipients or individuals that are members or beneficiaries in the award.
(one) Prices to Federal awards for salaries and wages needs to be based on data that precisely mirror the work done. These records will have to:
(i) Fees of leaves of absence by staff members for effectiveness of graduate operate or sabbatical research, travel, or investigation are allowable, offered the IHE has a uniform published policy on sabbatical leave for persons engaged in instruction and people engaged in analysis. These prices have to be allotted equitably amongst all similar routines of your IHE.
(ii) Where by sabbatical go away is included in fringe more info Rewards for which a value is decided for evaluation as being a direct demand, the mixture amount of such assessments applicable to all get the job done with the institution through the base period have to be realistic in relation for the IHE's real experience underneath its sabbatical go away coverage.
signifies a payment That ought to not are actually designed or that was created within an incorrect total less than statutory, contractual, administrative, or other legally applicable necessities. The phrase inappropriate payment involves: any payment to an ineligible receiver; any payment for an ineligible very good or services; any duplicate payment; any payment for a fantastic or service not gained, except for These payments the place licensed by regulation; any payment that isn't licensed by regulation; and any payment that doesn't account for credit rating for relevant reductions. See OMB Round A-123 Appendix C, Requirements for Payment Integrity Improvement
(seven) Critical Dates. Crucial dates contain thanks dates for publishing programs or Govt Buy 12372 submissions, together with for just about any letters of intent or preapplications. For almost any announcement issued before a application's software products can be obtained, vital dates also incorporate the date on which These products are going to be introduced; and some other added facts, as considered applicable through the Federal company.
commonly implies an organization or entity arranged for the purpose of earning a gain. The phrase includes but is not limited to:
An working Section may provide companies to a different functioning department of precisely the same Point out, local federal government, or Indian Tribe. In these circumstances, the cost of providers furnished may contain allowable direct charges with the service furthermore a professional-rated share of indirect expenses. A regular indirect Expense fee equal to 15 percent of the direct salaries and wages for delivering the provider (excluding time beyond regulation, shift premiums, and fringe Advantages) could be employed as opposed to figuring out the particular indirect costs of the service.