Applicability of 2 CFR Part 200 Sample Clauses

The "Applicability of 2 CFR Part 200" clause establishes that the requirements and standards set forth in Title 2, Code of Federal Regulations, Part 200 (commonly known as the Uniform Guidance) govern the administration of the agreement. This means that recipients and subrecipients of federal funds must follow rules related to cost principles, audit requirements, and administrative procedures as outlined in 2 CFR Part 200. By referencing this regulation, the clause ensures consistency and compliance with federal standards, thereby reducing the risk of mismanagement and promoting accountability in the use of federal funds.
Applicability of 2 CFR Part 200. All provisions of 2 CFR Part 200 and all Standard Provisions attached to this grant/cooperative agreement are applicable to the Recipient and to sub-recipients which meet the definition of “Recipient” in 2 Part §200.86, unless a section specifically excludes a sub-recipient from coverage. The Recipient and any sub-recipients must, in addition to the assurances made as part of the application, comply and require each of its sub-awardees employed in the completion of the project to comply with Subpart D of 2 CFR Part 200 and include this term in lower-tier (sub-award) covered transactions. Recipients must comply with monitoring procedures and audit requirements in accordance with 2 CFR Part 200, Subpart F—AUDIT REQUIREMENTS.
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Applicability of 2 CFR Part 200. GRANTEE gives assurance and certifies with respect to the Program that use of Emergency Solutions Grant amounts comply with the policies, guidelines, and requirements of 2 CRF Part 200, the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, as they relate to the acceptance and use of Emergency Solutions Grant amounts by states, units or general local government, and private non-profit organizations.
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Related to Applicability of 2 CFR Part 200

  • Applicability of ¶ 2501 Local Church acknowledges and agrees that pursuant to ¶ 2501 of the Discipline, the Local Church holds all its property, real and personal, tangible and intangible, in trust for the benefit of The United Methodist Church, including the Real Property and Personal Property, and the Local Church will not take any actions that are inconsistent therewith or opposing or negating the same.

  • Applicability of Agreement The Developer agrees that the Lands shall be developed and used only in accordance with and subject to the terms and conditions of this Agreement.

  • Applicability of Rule 419 Upon delivery and payment for the Units on the Closing Date and each Additional Closing Date, the Company will not be subject to Rule 419 under the Securities Act and none of the Company’s outstanding securities will be deemed to be a “▇▇▇▇▇ stock” as defined in Rule 3a51-1 under the Exchange Act.

  • Applicability of ISP Unless otherwise expressly agreed by the L/C Issuer and the Borrower when a Letter of Credit is issued, the rules of the ISP shall apply to each Letter of Credit.

  • Applicability of ISP and UCP Unless otherwise expressly agreed by the L/C Issuer and the Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), (i) the rules of the ISP shall apply to each standby Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce at the time of issuance shall apply to each commercial Letter of Credit.