Common use of Uniform Grant Administrative Requirements and Cost Principles Clause in Contracts

Uniform Grant Administrative Requirements and Cost Principles. During the administration of this contract, the Landholder shall comply with, and adhere to: a. Office of Management and Budget (OMB) Circular No. A-110, Uniform Administrative Requirements of Grants and Other Agreements with Institution of Higher Education, Hospitals and Other Nonprofit Organizations; and b. OMB Circular No. A-122, Cost Principles for Nonprofit Organizations; and c. OMB Circular No. A-21, Cost Principles for Colleges and Universities, as applicable.