Agenda Package - 08-26-11 Spec Meeting

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Special Conditions EXHIBIT "A" Page 6 Investment No. 04 -01 -06546 b. The term does not include your procurement of property and services needed to carry out the project or program (for further explanation, see Sec. — 210 of the attachment to OMB Circular A -133, Audits of States, Local Governments, and Non - Profit Organizations "). A subaward may be provided through any legal agreement, including an agreement that you consider a contract. 5. Subrecipient means an entity that: a. Receives a subaward from you under this award; and b. Is accountable to you for the use of the Federal funds provided by the subaward. Transparency Act Reporting All recipients of awards made on or after October 1, 2010 are required to comply with reporting requirements under the Federal Funding Accountability and Transparency Act of 2006 (Transparency Act). The following details the requirements of both. In general, all recipients are responsible for reporting subawards of $25,000 or snore. Please note that the Transparency Act reporting requirement applies to subawards only, and not to procurements you enter into under this award. The required reporting subaward data elements may be found at v, In addition, recipients that meet certain criteria are responsible for reporting executive compensation. Please read the following carefully and contact the EDA Project Officer with any questions. II. Reportine Subawards and Executive Compensation. a. Reporting of first -tier subawards. Applicability. Unless you are exempt as provided in paragraph d. of this award term, you must report each action that obligates $25,000 or more in Federal funds that does not include Recovery funds (as defined in section 1512(a)(2) of the American Recovery and Reinvestment Act of 2009, Pub. L. 111 -5) for a subaward to an entity (see definitions in paragraph e. of this award term). 2. Where and when to report. i. You must report each obligating action described in paragraph a.l . of this award term to http.' / /www., srs.gov ii. For subaward information, report no later than the end of the month following the month in which the obligation was made. (For example, if the obligation was made on November 7, 2010, the obligation must be reported by no later than December 31, 2010.) 3. What to report. You must report the information about each obligating action that the submission instructions posted at http : / /wwu srs.gov specify.