Common use of Grant Reimbursement Clause in Contracts

Grant Reimbursement. 1. Subrecipient certifies that it will only seek reimbursement for eligible costs under the Grant Award. 2. To the extent applicable, in addition to any other terms, conditions, restrictions, or limitations applicable to eligible costs or reimbursable expenses established by the Commission, costs or expenses charged, paid, or reimbursed under the Grant Award shall be determined as allowable under the cost principles detailed in 2 CFR 200 Subpart E – Cost Principles. To the extent that indirect costs qualify as allowable expenditures and Subrecipient does not have a federally approved indirect cost rate, the subrecipient may seek to have a negotiated indirect cost rate, request application of the de minimis rate, or otherwise waive indirect costs. Subrecipient should reference the Commission’s program guidance regarding the application of indirect cost rates.3 3. If the Commission determines that Subrecipient has failed to satisfactorily carry out its responsibilities under the Grant Award, in addition to other remedies at law, the Commission may withhold reimbursement to the Subrecipient until such time as the Commission and the Subrecipient can agree on a plan to remedy the deficiency. 4. Subrecipient acknowledges and understands that the Commission will be required to provide public reports detailing the status and expenses of all grant awards.