Common use of FINANCIAL AUDIT REPORT REQUIREMENTS FOR PASS-THROUGH ENTITIES Clause in Contracts

FINANCIAL AUDIT REPORT REQUIREMENTS FOR PASS-THROUGH ENTITIES. 1. If County determines that Contractor is a “subrecipient” (also known as a “pass-through entity”) as defined in 2 C.F.R. § 200 et seq., Contractor represents that it will comply with the applicable cost principles and administrative requirements including claims for payment or reimbursement by County as set forth in 2 C.F.R. § 200 et seq., as may be amended from time to time. Contractor shall observe and comply with all applicable financial audit report requirements and standards.

FINANCIAL AUDIT REPORT REQUIREMENTS FOR PASS-THROUGH ENTITIES. 1. a. If County determines that Contractor is a “subrecipient” (also known as a “pass-pass- through entity”) as defined in 2 C.F.R. § 200 et seq., Contractor represents that it will comply with the applicable cost principles and administrative requirements including claims for payment or reimbursement by County as set forth in 2 C.F.R. § 200 et seq., as may be amended from time to time. Contractor shall observe and comply with all applicable financial audit report requirements and standards.