Common use of Internal Control Clause in Contracts

Internal Control. Effective control and accountability must be maintained for all cash, real and personal property, and other assets. Grantee must adequately safeguard all such property and must provide assurance that it is used solely for authorized purposes. Grantee must also have systems in place that provide reasonable assurance that the information is accurate, allowable, and compliant with the terms and conditions of this Agreement. 2 CFR 200.303.

Internal Control. Effective control and accountability must be maintained for all cash, real and personal property, and other assets. Grantee must adequately safeguard all such property and must provide assurance that it is used solely for authorized purposes. Grantee must also have systems in place that provide reasonable assurance that the information is accurate, allowable, and compliant with the terms and conditions of this Agreement. 2 CFR 200.303.

Internal Control. Effective control and accountability must be maintained for all cash, real and personal property, and other assets. Grantee must adequately safeguard all such property and must provide assurance that it is used solely for authorized purposes. Grantee must also have systems in place that provide reasonable assurance that the information is accurate, allowable, and compliant with the terms and conditions of this Agreement. 2 CFR 200.303.SAMPLE

Internal Control. Effective control and accountability must be maintained for all cash, real and personal property, and other assets. Grantee must adequately safeguard all such property and must provide assurance that it is used solely for authorized purposes. Grantee must also have systems in place that provide reasonable assurance that the information is accurate, allowable, and compliant with the terms and conditions of this Agreement. 2 CFR 200.303.. (d)

Internal Control. Effective control and accountability must be maintained for all cash, real and personal property, and other assets. Grantee Subrecipient must adequately safeguard all such property and must provide assurance that it is used solely for authorized purposes. Grantee Subrecipient must also have systems in place that provide reasonable assurance that the information is accurate, allowable, and compliant with the terms and conditions of this Agreement. 2 CFR 200.303.

Internal Control. Effective control and accountability must be maintained for all cash, real and personal property, and other assets. Grantee Grantees must adequately safeguard all such property and must provide assurance that it is used solely for authorized purposes. Grantee Grantees must also have systems in place that provide reasonable assurance that the information is accurate, allowable, and compliant ensure compliance with the terms and conditions of this Agreement. 2 CFR 200.303each grant award.