(b) The costs are adequately supported by approved Charge allocation plans in accordance Along with the applicable Expense accounting ideas of this portion; and
When a recipient or subrecipient sells the assets, it have to pay back the Federal company an amount of money calculated by multiplying The share on the Federal company's contribution to the initial buy (and value of any enhancements) because of the proceeds from the sale just after deducting any real and fair charges paid to offer or correct up the assets available for sale.
If authorized by Federal regulations or the Federal award, prices incidental to creating system money could be deducted from gross earnings to ascertain system earnings, offered these expenses have not been billed on the Federal award.
Besides where by normally authorized by statute, fees will have to fulfill the subsequent criteria to get allowable beneath Federal awards:
Payments created for fees established to get unallowable by possibly the awarding Federal company, cognizant agency for indirect expenditures, or go-via entity must be refunded with desire to the Federal Govt.
Proceeds in the sale of real home, gear, or materials. The proceeds needs to be handled in accordance with the necessities with the Assets Specifications of §§ 200.
For recipients and subrecipients other than States, payment methods ought to reduce time elapsing in between the transfer of money within the Federal company or perhaps the go-by entity and also the disbursement of funds via the recipient or subrecipient click here regardless of whether the payment is created by electronic funds transfer or by other signifies.
(b) Following the closeout on the Federal award, a relationship established under the Federal award could be modified or resulted in whole or partially. This may only be carried out Together with the consent on the awarding Federal company or pass-through entity and also the receiver or subrecipient, supplied the duties in the recipient or subrecipient referred to in paragraph (a) of this section, including Those people for house management as applicable, are deemed and provisions are made for continuing tasks from the recipient or subrecipient, as proper.
(b) The following sections usually are not meant to be a comprehensive listing of prospective merchandise of Charge encountered below Federal awards. Failure to say a specific product of Expense, including for example in selected sections, just isn't intended to suggest that it is either allowable or unallowable. When determining the allowability for an item of Charge, Each individual case needs to be based upon the therapy presented for identical or relevant objects of Price and depending on the rules described in §§ 200.
Subject matter to the necessities and conditions established forth With this segment, title to authentic property acquired or improved beneath the Federal award will vest on acquisition during the receiver or subrecipient.
(a) In which the Federal Federal government ensures or insures the repayment of money borrowed from the recipient, the Federal company may well have to have enough bonding and insurance plan When the bonding and insurance necessities with the recipient aren't deemed enough to shield the desire on the Federal Authorities.
The prices incurred by a receiver or subrecipient to Get better incorrect payments, which include improper overpayments, are allowable as either immediate or oblique expenses, as ideal.
signifies Price sharing precisely pledged voluntarily inside the proposal's budget about the Component of the recipient or subrecipient, which becomes a binding necessity of your Federal award. See § two hundred.306.
The Federal company or go-as a result of entity may perhaps settle for the recipient's or subrecipient's bonding plan and prerequisites for development or facility advancement contracts or subcontracts exceeding the simplified acquisition threshold.