(ii) The most beneficial readily available desire-bearing account wouldn't moderately be predicted to earn curiosity in excessive of $five hundred annually on Federal cash balances;
The receiver or subrecipient have to keep and use documented procedures for procurement transactions below a Federal award or subaward, together with for acquisition of home or solutions.
Any Federal funds compensated to your recipient or subrecipient in excess of the amount which the receiver or subrecipient is set to be entitled to beneath the Federal award constitute a debt into the Federal Government.
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(two) In the time that devices is employed within the task or system for which it had been obtained, the recipient or subrecipient should also make the gear accessible for use on other packages or initiatives supported via the Federal Govt, furnished that this kind of use will never interfere With all the objective for which it had been initially acquired. 1st desire for other use with the gear has to be offered to other programs or projects supported by the Federal company that financed the devices.
The Federal agency or pass-by way of entity should assessment the ask for for finances or method prepare revision and may notify the receiver or subrecipient whether or not the revisions are actually authorised inside thirty times of receipt of the ask for.
(two) Be certain that the subrecipient requires corrective action on all important developments that negatively have an effect on the subaward. Major developments consist of Solitary Audit conclusions linked to the subaward, other audit findings, web-site visits, and created notifications from a subrecipient of adverse conditions which will effect their capacity to fulfill the milestones or perhaps the targets of the subaward.
The Federal company will have to request the transfer of documents to its custody from your receiver or subrecipient when it establishes the data have prolonged-term retention worth.
Proceeds in the sale of genuine house, gear, or provides. The proceeds needs to be handled in accordance with the necessities on the Assets Expectations of §§ 200.
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When tools acquired under a Federal award is not essential for the initial task, method, or for other pursuits more info at the moment or Formerly supported by a Federal agency, the receiver or subrecipient will have to request disposition instructions from the Federal company or pass-by means of entity if needed via the conditions and terms with the Federal award.
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The recipient or subrecipient is responsible for determining and documenting an appropriate micro-invest in threshold depending on interior controls, an analysis of possibility, and its documented procurement processes. The micro-purchase threshold employed by the recipient or subrecipient needs to be approved or not prohibited under Condition, local, or tribal legislation or laws.
that is roofed by a disclosure exemption underneath the liberty of knowledge Act (FOIA). If the receiver asserts within just 7 calendar times to your Federal company which posted the information that a disclosure exemption below FOIA covers a few of the information produced publicly obtainable, the Federal agency that posted the information should clear away the publishing within just seven calendar times of acquiring the assertion.