Common use of Accounting & Internal Controls Clause in Contracts

Accounting & Internal Controls. Grant funds shall be recorded separately in the books and records of Subrecipient. Subrecipient shall keep its books in a manner consistent with generally accepted accounting principles and 2 CFR 200, as adopted by the USDOE in 34 CFR XXXXX. All disbursements from the grant accounts shall comply with the requirements of this Agreement and 2 CFR 200. Subrecipient agrees to implement and maintain internal controls consistent with 2 CFR 200.

Appears in 8 contracts

Samples: Service Coordination Grant Agreement, Service Coordination Grant Agreement, Grant Agreement

AutoNDA by SimpleDocs

Accounting & Internal Controls. Grant funds shall be recorded separately in the books and records of Subrecipient. Subrecipient shall keep its books in a manner consistent with generally accepted accounting principles (GAAP) and 2 CFR C.F.R. §200, as adopted by the USDOE U.S. Department of Health and Human Services in 34 CFR XXXXX45 C.F.R. §75. All disbursements from the grant accounts shall comply with the requirements of this Agreement and 2 CFR C.F.R. §200. Subrecipient agrees to implement and maintain internal controls consistent with 2 CFR C.F.R. §200.

Appears in 1 contract

Samples: Grant Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!