Common use of INTEREST EARNED Clause in Contracts

INTEREST EARNED. 1. Interest earned on federal advance payments deposited in interest-bearing accounts must be remitted annually to CDA. Interest amounts up to $500 per year may be retained by the Contractor and subcontractors for administrative expenses. [2 CFR 200.305(b)(9)] [45 CFR 75.305 (b)(9)] 2. Interest earned on advances of federal and non-federal funds shall be identified as non-match cash. [2 CFR 200.305(b)(8)] [45 CFR 75.305(b)(8)] 3. The Contractor must maintain advance payments of federal awards in interest- bearing accounts, unless the following apply: [2 CFR 200.305(b)(8)] [45 CFR 75.305 (b)(8)] a. The Contractor receives less than $120,000 in federal awards per year. b. The best reasonably available interest-bearing account would not be expected to earn interest in excess of $500 per year on federal cash balances. c. The depository would require an average or minimum balance so high that it would not be feasible within the expected federal and non-federal cash resources. d. A foreign government or banking system prohibits or precludes interest bearing accounts.

INTEREST EARNED. 1. Interest earned on federal advance payments deposited in interest-bearing accounts must be remitted annually to CDA. RCOoA. Interest amounts up to $500 per year may be retained by the Contractor Service Provider and subcontractors for administrative expenses. [2 CFR 200.305(b)(9)] [45 CFR 75.305 (b)(9)] 2. Interest earned on advances of federal and non-federal funds shall be identified as non-match cash. [2 CFR 200.305(b)(8CRF 200.305 (b)(8)] [45 CFR 75.305(b)(8)] 3. The Contractor Service Provider must maintain advance payments of federal awards in interest- interest-bearing accounts, unless the following apply: [2 CFR 200.305(b)(8)] [45 CFR 75.305 (b)(8)] a. The Contractor Service Provider receives less than $120,000 in federal awards per year. b. The best reasonably available interest-bearing account would not be expected to earn interest in excess of $500 per year on federal cash balances. c. The depository would require an average or minimum balance so high that it would not be feasible within the expected federal and non-federal cash resources. d. A foreign government or banking system prohibits or precludes interest bearing accounts.

INTEREST EARNED. 1. Interest earned on federal advance payments deposited in interest-interest- bearing accounts must be remitted annually to CDA. Interest amounts up to $500 per year may be retained by the Contractor and subcontractors for administrative expenses. [2 CFR 200.305(b)(9)] [45 CFR 75.305 (b)(9)] 2. Interest earned on advances of federal and non-federal funds shall be identified as non-match cash. [2 CFR 200.305(b)(8)] [45 CFR 75.305(b)(8)] 3. The Contractor must maintain advance payments of federal awards in interest- interest-bearing accounts, unless the following apply: [2 CFR 200.305(b)(8)] [45 CFR 75.305 (b)(8)] a. The Contractor receives less than $120,000 in federal awards per year. b. The best reasonably available interest-bearing account would not be expected to earn interest in excess of $500 per year on federal cash balances. c. The depository would require an average or minimum balance so high that it would not be feasible within the expected federal and non-federal cash resources. d. A foreign government or banking system prohibits or precludes interest bearing accounts.

INTEREST EARNED. 1. Interest earned on federal advance payments deposited in interest-bearing accounts must be remitted annually to CDA. RCOoA. Interest amounts up to $500 per year may be retained by the Contractor Service Provider and subcontractors for administrative expenses. [2 CFR 200.305(b)(9)] [45 CFR 75.305 (b)(975.305(b)(9)] 2. Interest earned on advances of federal and non-federal funds shall be identified as non-match cash. [2 CFR 200.305(b)(8)] [45 CFR 75.305(b)(8)] 3. The Contractor Service Provider must maintain advance payments of federal awards in interest- interest-bearing accounts, unless the following apply: [2 CFR 200.305(b)(8)] [45 CFR 75.305 (b)(8)] a. The Contractor Service Provider receives less than $120,000 in federal awards per year. b. The best reasonably available interest-bearing account would not be expected to earn interest in excess of $500 per year on federal cash balances. c. The depository would require an average or minimum balance so high that it would not be feasible within the expected federal and non-non- federal cash resources. d. A foreign government or banking system prohibits or precludes interest interest-bearing accounts.