signifies tangible particular assets (which include info know-how methods) using a helpful lifetime of more than one year plus a per-device acquisition Price tag that equals or exceeds the lesser from the capitalization stage set up via the recipient or subrecipient for economic assertion applications, or $ten,000.
The eCFR is displayed with paragraphs split and indented to follow the hierarchy in the doc. This is an automated system for user usefulness only and isn't meant to alter agency intent or existing codification.
(a) Whether the cost is normally recognized as everyday and needed for the receiver's or subrecipient's operation or the correct and economical general performance on the Federal award;
(four) A company located in a rustic in addition to the United States not regarded as being a overseas community entity.
means a Federal award for which the start date is contiguous with, or carefully follows, the tip on the expiring Federal award. The start date of the renewal award begins a new and distinctive duration of overall performance.
Subpart E establishes rules for pinpointing allowable charges incurred by recipients and subrecipients under Federal awards.
There isn't any demands governing the disposition of program cash flow earned once the conclusion from the period of functionality from the Federal award Except stipulated within the Federal company restrictions or even the conditions and terms on the Federal award.
The recipient's or subrecipient's methods need to steer clear of the acquisition of unwanted or duplicative objects. Thought must be provided to consolidating or breaking out procurements to acquire a far more cost-effective buy.
(five) website If the recipient or subrecipient is licensed or needed to promote the house, proper income procedures have to be in place to ensure the best probable return.
(i) If the recipient isn't going to comply with the necessities of this part, like submitting all final reviews, the Federal company have to report the recipient's substance failure to comply with the conditions and terms in the Federal award in SAM.gov
(e) If the receiver or subrecipient accepts a bank loan or grant, it really is certifying that it will adjust to the prohibition on lined telecommunications devices and companies With this area.
Statutory needs may Restrict the allowability of costs. Any prices that exceed the utmost total authorized by statute is probably not billed to the Federal award. Only the amount allowable by statute may very well be billed into the Federal award.
The app presents A few handy options In combination with its cash advance services, notably credit checking and a financial savings tool.
(3) Just about every Federal company that considers making a Federal award for the applicant through that 5-calendar year period will look at that information in identifying the applicant's qualification to receive a Federal award when the whole Federal share of a Federal award is anticipated to exceed the simplified acquisition threshold more than the duration of effectiveness;