(i) The worth of donated house must be identified in accordance Along with the accounting guidelines on the receiver or subrecipient with the following qualifications:

These procurement approaches expedite the completion of transactions, decrease administrative burdens, and lessen expenses. Informal procurement procedures could possibly be used when the worth from the procurement transaction beneath the Federal award doesn't exceed the simplified acquisition threshold as outlined in § 200.

suggests an annually up to date authoritative resource of knowledge for auditors that identifies present essential compliance needs the Federal Governing administration expects to get regarded as Component of an audit.

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(2) In the course of the time that tools is utilised to the undertaking or software for which it absolutely was acquired, the receiver or subrecipient have to also make the machines readily available for use on other plans or jobs supported via the Federal Government, presented that these types of use won't interfere With all the purpose for which it was initially obtained. Initially desire for other use on the products need to be provided to other plans or projects supported by the Federal agency that financed the gear.

The Federal company must not permit a transfer of funds that could lead to any Federal appropriation for use for uses other than All those consistent with the appropriation.

(a) The Federal agency or go-by way of entity could evaluate the technical technical specs of proposed procurements underneath the Federal award Should the Federal agency or go-by means of entity believes the critique is needed to make certain the item or services specified will be the 1 remaining proposed for acquisition. The recipient or subrecipient must submit the complex specifications of proposed procurements when requested by the Federal company or go-via entity.

(two) The recipient's or subrecipient's historical past of compliance Along with the terms and conditions of Federal awards;

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(9) The Federal agency or move-via entity have to not have to have individual depository accounts for resources supplied to the receiver or subrecipient or build any eligibility prerequisites for depositories.

Payments built for charges identified to get unallowable by either the awarding Federal agency, cognizant agency for oblique costs, or click here move-through entity need to be refunded with fascination for the Federal Governing administration.

When suitable for the procurement or utilization of widespread or shared merchandise and products and services, recipients and subrecipients are inspired to enter into Point out and local intergovernmental agreements or inter-entity agreements for procurement transactions.

When a receiver or subrecipient sells the assets, it should shell out the Federal company an amount calculated by multiplying the percentage in the Federal company's contribution towards the original buy (and cost of any advancements) via the proceeds of the sale soon after deducting any genuine and affordable expenses paid to promote or repair up the home for sale.

(two) The Federal agency have to notify OMB of any accredited deviations. The recipient or subrecipient may notify OMB of any disputes with Federal businesses about the application of a federally negotiated oblique Price tag amount.