Common use of ─Definitions/Acronyms‌ Clause in Contracts

─Definitions/Acronyms‌. Agency Review: If a recipient has a history of poor performance, financial instability, has a management system not meeting standards prescribed by the Uniform Administrative Requirements, has not conformed to the terms and conditions of the award, and/or is not otherwise responsible in safeguarding federal funds, they may be placed on Agency Review. Agency Review limits a recipient's access to funds by requiring that all payments must be requested, reviewed, and approved prior to their being released.

Appears in 2 contracts

Sources: Cooperative Agreement, Grant