R94-116 AUTHORIZING AN AGREEMENT WITH THE UNITED STATE DEPARTMENT OF TRANPORTATION

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� + (c) For Recipients that are private nonprofit organizations, the standards of OMB Circular A-122, Revised, "Cost Principles for Nonprofit Organizations" apply; y (d� For Recipients that are for-profit organizations, the standards of the Federal Acquisitian Regulatic�n, 48 C.F.�. C'haater 1, Subpart 31.2, "Contracts with Commercial Or�anizatior_s" app?}: (7) Be satisfactorily docume�nted; and (8) Be treated uniformiy and consistently under accounting principles and procedures approved and prescribed by the Government for the Recipient; and those approved or prescribed by the Recipient for its contractors. d. Bon� Interest and Other Financing Costs. To the extent permitted in writing by FTA, bond interest and other financing costs are allov�•able, e. Disallowed Costs. ln determining the amonnt of Federal assistance FfA will provide, FTA will exclude: ( 1) Any Project costs incurred by the Recipient before the Obligation Date of this Agreement or Amendment thereof, whichever is later, unless otherwise permitted by Federal law or regulation, or un�ess an authorized representative of the Government states in writing to the contrarv; �2) �n� costs incurred by the Recipient that are not included in the latest Approved Project Budget; and t 3► An�• costs attributable t� goods or services received under a contract or other arrangement rhat is required to be, but has not been, concurred in or approved in writing by the Go�ernment. The Recipient agrees that reimbursement of any cost under Part II, Section 107 of this Agreement does not constitute a final Government decision about the allowability of that cost and does not constitute a waiver of any violation by the Recipient of the terms of this Agreement. The Recipient understands that the Government will not make a final determination about the allowability of any cost until an audit of the Project has been completed. If the Government determines that the Recipient is not entitled to receive any part of the Federal funds requested, the Government will notify the Recipient stating the reasons therefor. Project closeout wil] not alter the Recipient's obligation to return any funds due to the Government as a result of later refunds, corrections, or other transactions. Nor will Project closeout alter the Government's right to disallow costs and recover funds on the basis of a later audit or other review. Unless prohibited by law, the Government may recoup any Federal assistance funds to be made available under this Project as needed to satisfy any outstanding monetary claims that the Government may have against the Recipient. Exceptions pertaining to disallowed costs are set forth in FTA directives or in other written Federal guidance. Page 10