FEDERAL COST PRINCIPLES Sample Clauses

FEDERAL COST PRINCIPLES. (applicable to state and local governments, Indian tribes, institutions of higher education, and nonprofit organizations) 2 Code of Federal Regulations (CFR) Part 200, Subpart E (Sections 200.400 et seq.) Federal Acquisition Regulations (applicable to commercial organizations)
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FEDERAL COST PRINCIPLES. LPA will not make payments directly to Consultant for services performed under this agreement. Instead, the State will serve as a paying agent for LPA and will pay Consultant directly for properly submitted and approved invoices using both LPA and Federal funds based on the applicable project federal cost participation percentage. The following process shall apply whenever the LPA, the State or the FHWA determines that certain costs, previously paid to Consultant, should not have been paid with federal funds by the State to Consultant. Consultant shall immediately repay the State the federal share of the previously paid amount and may invoice LPA for the costs repaid to the State. LPA shall promptly pay the full amount of the invoice from its own funds unless LPA, in good faith, disputes whether the Consultant is entitled to the payment under the agreement or the amount of the invoice. In the event of a dispute between LPA and Consultant, the dispute resolution process, outlined Section 4.4.3.5 DISPUTE RESOLUTION of the LPA Manual, shall be used by the parties. For performance of Services as specified in this Agreement, State will pay Consultant subject to the terms of this Agreement and all requirements and limitations of the federal cost principles contained in the Federal Acquisition Regulations 48 CFR 31 (Contract Cost Principles and Procedures).
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FEDERAL COST PRINCIPLES. For performance of Services (11) USE FOR TASK ORDERS as detailed in each specific Task Order, (11) END USE FOR TASK ORDERS (11) DELETE FOR TASK ORDERSas specified in this Agreement,(11) END DELETE FOR TASK ORDERS State will pay Consultant subject to the terms of this Agreement and all requirements and limitations of the federal cost principles contained in the Federal Acquisition Regulation (48 CFR 31).
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FEDERAL COST PRINCIPLES. If the Subrecipient is a non-profit organization, it must understand and comply with 2 CFR Part 200 “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards” as adopted and supplemented by the USDA in 2 CFR Part 400, including, but not limited to: (i) 2 CFR, Part 215 “Uniform Administrative Requirements for Grants and Agreements with Institutions of Higher Education, Hospitals, and Other Non-Profit Organizations” and, (ii) depending on what kind of organization it is, either (a) 2 CFR, Part 220 “Cost Principles for Educational Institutions” or (b) 2 CFR, Part 230 “Cost Principles for Non-Profit Organizations.”
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FEDERAL COST PRINCIPLES. All costs under this Contract are subject to audit pursuant to Federal cost principles set forth in 2 C.F.R 225 (or as may be revised).
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FEDERAL COST PRINCIPLES. (applicable to state and local governments, Indian tribes, institutions of higher education, and nonprofit organizations)
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FEDERAL COST PRINCIPLES. [UFS7]. This agreement will be governed by [UFS8] OMB Circular No. A-122, Cost Principles for Nonprofit Organizations with Exclusions listed in Attachment C of OMB Circular No. A-122 OMB Circular No. A-21, Cost Principles for Educational Institutions OMB Circular No. A-87, Cost Principles for State, Local and Indian Tribal Governments The Federal Acquisition Regulations (FAR), Part 31, Contract Cost Principles and Procedures. and audit requirements under OMB Circular A-133, Audits of States, Local Governments and Non-Profit Organizations
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Related to FEDERAL COST PRINCIPLES

  • Cost Principles The Subrecipient shall administer its program in conformance with 2 CFR Part 200, et al; (and if Subrecipient is a governmental or quasi-governmental agency, the applicable sections of 24 CFR 85, “Uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local Governments,”) as applicable. These principles shall be applied for all costs incurred whether charged on a direct or indirect basis.

  • Basic Principles The Electrical Contractor and the Union have a common and sympathetic interest in the Electrical Industry. Therefore, a working system and harmonious relations are necessary to improve the relationship between the Employer, the Union and the Public. Progress in industry demands a mutuality of confidence between the Employer and the Union. All will benefit by continuous peace and by adjusting any differences by rational common-sense methods.

  • Operating Principles The operations of the Bank shall be conducted in accordance with the principles set out below.

  • COST PRINCIPLES AND ADMINISTRATIVE REQUIREMENTS A. CONSULTANT agrees that the Contract Cost Principles and Procedures, 48 CFR, Federal Acquisition Regulations System, Chapter 1, Part 31.000 et seq., shall be used to determine the cost allowability of individual items.

  • Guiding Principles This Agreement shall create a liberal, facilitative, transparent and competitive investment environment in ASEAN by adhering to the following principles:

  • Principles of cooperation The Parties shall apply the following principles to cooperation activities covered by this Agreement:

  • General Principles 9.2.1 Each Party shall implement its tasks in accordance with the Consortium Plan and shall bear sole responsibility for ensuring that its acts within the Project do not knowingly infringe third party property rights.

  • Governing Principles 1. The implementation of this Memorandum of Understanding shall in all aspects be governed by the Regulation and subsequent amendments thereof.

  • Funding Principles A Party that spends less than its allocated share of the budget as set out in the Consortium Plan or – in case of reimbursement via unit costs - implements less units than foreseen in the Consortium Plan will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the budget as set out in the Consortium Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.

  • Statement of Basic Principles A. Every employee covered by this Agreement shall have the right to present grievances in accordance with these procedures, with or without representation. Nothing contained in this Article or elsewhere in this Agreement shall be construed to prevent any individual teacher from discussing a problem with the Administration and having it adjusted without intervention or representation of organization representatives, provided that the Union has been given the opportunity to be present at such adjustment.

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