In the event the recipient or subrecipient retains title for the property, it should fork out the Federal agency an sum calculated by multiplying The proportion in the Federal company's contribution in direction of the initial acquire (and fees of any advancements) by the current truthful sector price of the residence.
For nonprofit organizations, the costs of pursuits performed with the nonprofit Group largely to be a provider to members, clientele, or most people when significant and essential to the Firm's mission should be handled as direct charges if allowable, and become allocated an equitable share of oblique prices. Some samples of these sorts of functions include things like:
The receiver or subrecipient is accountable for determining an suitable simplified acquisition threshold depending on inside controls, an analysis of hazard, and its documented procurement strategies, which may be decrease than, but will have to not exceed, the threshold recognized during the FAR.
(three) Notwithstanding the encouragement in § two hundred.307 to earn system earnings, the receiver or subrecipient will have to not use gear obtained with the Federal award to provide products and services for a fee that is definitely fewer than A personal enterprise would demand for comparable services Unless of course particularly licensed by Federal statute.
(a) Recipients and subrecipients are prohibited from obligating or expending loan or grant funds to:
Subpart E establishes ideas for pinpointing allowable expenditures incurred by recipients and subrecipients beneath Federal awards.
When gear acquired underneath a Federal award is not essential for the initial task, plan, or for other activities currently or Beforehand supported by a Federal company, the receiver or subrecipient must request disposition Recommendations from your Federal agency or pass-via entity if demanded via the conditions and terms of your Federal award.
implies PII (see definition During this segment), apart from PII that have to be disclosed by regulation. Samples of PII consist of, but are not restricted to, social security quantity; copyright amount; charge card figures; clearances, financial institution figures; biometrics; day and area of beginning; mother's maiden name; criminal, professional medical and economical documents; and academic transcripts.
(two) “Created products and solutions” indicates merchandise and development materials composed in total or partially of non-ferrous metals like aluminum; plastics and polymer-dependent items which include polyvinyl chloride pipe; aggregates such as concrete; glass, which include optical fiber; and lumber.
(ii) An insurance company or trustee that will maintain a have confidence in fund or reserve for the only reason of furnishing submit-retirement Advantages to retirees together with other beneficiaries.
implies an entity that receives a subaward from a pass-by means of entity to execute A part of a Federal award. The time period subrecipient doesn't incorporate a beneficiary or participant. A subrecipient may be a recipient of other Federal awards here directly from a Federal agency.
(g) Donated assets from third functions might incorporate merchandise including devices, Workplace supplies, laboratory supplies, or workshop and classroom supplies. The assessed worth of donated house incorporated as Price tag sharing ought to not exceed the residence's fair marketplace worth at time with the donation.
When useful, the recipient or subrecipient is encouraged to utilize value engineering clauses in contracts for development initiatives of ample dimensions to supply acceptable prospects for Value reductions.
(two) The allowability of those prices for your IHE doesn't depend upon whether or not they are recorded while in the accounting records of your IHE.