Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 2 - Grants and Agreements |
Subtitle B - Federal Agency Regulations for Grants and Agreements |
Chapter XI - Department of Defense |
SubChapter D - Administrative Requirements Terms and Conditions for Cost-Type Grants and Cooperative Agreements to Nonprofit and Governmental Entities |
Part 1128 - Recipient Financial and Program Management: General Award Terms and Conditions |
Subpart E - Non-Federal Audits (FMS Article V) |
§ 1128.505 - Content of FMS Article V.
Latest version.
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§ 1128.505 Content of FMS Article V.
(a) Requirement. A DoD Component's general terms and conditions must address audit requirements.
(b) Award terms and conditions -
(1) General. A DoD Component's general terms and conditions must include the wording appendix E to this part provides for FMS Article V.
(2) Exception. A DoD Component may reserve Section B of the wording in appendix E if there will be no subawards to for-profit entities under any award using those terms and conditions.