A Simple Key For 75 cash Unveiled

implies the time throughout which the non-Federal entity may incur new obligations to execute the get the job done licensed underneath the Federal award.

(a) A cost is allocable to a selected Federal award or other Expense goal if the goods or solutions concerned are chargeable or assignable to that Federal award or Price tag aim in accordance with relative Advantages gained. This standard is met if the cost:

(one) Integrate a transparent and precise description on the specialized requirements for the material, solution, or support to get procured. This kind of description must not, in competitive procurements, have options which unduly limit Level of competition. The description may possibly include a statement from the qualitative mother nature of the fabric, services or products for being procured and, when important, will have to set forth These least vital properties and requirements to which it have to conform whether it is to satisfy its intended use.

Authentic assets, tools, and intangible house, which are obtained or improved by using a Federal award must be held in have faith in from the non-Federal entity as trustee for that beneficiaries from the project or software beneath which the property was obtained or enhanced.

suggests tangible individual residence (together with details technologies programs) possessing a beneficial lifetime of more than one year plus a for each-device acquisition Price which equals or exceeds the lesser in the capitalization level founded via the non-Federal entity for financial statement uses, or $5,000.

(i) Bids needs to be solicited from an suitable variety of known suppliers, supplying them ample reaction time before the day set for opening the bids, for neighborhood, and tribal governments, the invitation for bids needs to be publicly marketed;

Subparts B via D of this element set forth the uniform administrative demands for grant and cooperative agreements, like the necessities for HHS awarding company administration of Federal grant systems ahead of the Federal award has actually been designed, and the necessities HHS awarding organizations may possibly impose on non-Federal entities from the Federal award.

(g) Any non-Federal entity that includes a existing federally negotiated indirect Price tag amount may possibly apply for a 1-time extension of the premiums in that arrangement for just a duration of as much as 4 several years. This extension will be issue into the evaluate and acceptance in the cognizant agency for oblique expenditures.

For those who have inquiries for that Company that issued The existing doc be sure to contact the agency straight.

(iv) Any time a non-Federal entity converts to a suitable actuarial Price tag approach, as described by GAAP, and resources pension charges in accordance with this method, the unfunded legal responsibility at the time of conversion is allowable if amortized around a period of decades in accordance with GAAP.

The HHS awarding agency or move-through entity have to require a non-Federal entity to submit reviews no less than each year on the standing of serious home where the Federal Government retains an interest, Except if the Federal interest in the actual residence extends 15 yrs or extended.

Monetary data, supporting files, statistical records, and all here other non-Federal entity data pertinent to the Federal award should be retained for your duration of three several years from the date of submission of the ultimate expenditure report or, for Federal awards which have been renewed quarterly or yearly, with the day from the submission on the quarterly or once-a-year monetary report, respectively, as documented to your HHS awarding agency or move-by way of entity in the situation of a subrecipient.

(d) The non-Federal entity need to immediately refund any balances of unobligated cash the HHS awarding company or go-by entity compensated upfront or paid out and that are not authorized to generally be retained because of the non-Federal entity to be used in other initiatives.

(four) Prices of coverage on the life of trustees, officers, or other personnel holding positions of comparable duties are allowable only into the extent the insurance policy represents supplemental payment (see § 75.