§ 1627.6 - Transfers to other recipients.

§ 1627.6 Transfers to other recipients.

(a) The requirements of § 1627.3 shall this part apply to all subgrants by from one recipient to another recipient.

(b) The subrecipient shall must audit any funds subgranted to it in or property or services acquired in whole or in part with LSC funds provided by the recipient under a subgrant in its annual audit and supply a copy of this audit to the recipient. The recipient shall must either submit the relevant part of this audit with its next annual audit or, if an audit has been recently submitted, submit it as an addendum to that recently submitted audit.

(c) In addition to the provisions of § 1627.34(dc)(3), the Corporation LSC may hold the subrecipient directly recipient responsible for any disallowed expenditures of subgrant funds. Thus, the Corporation LSC may recover all of the disallowed costs from either the recipient or the subrecipient or may divide the recovery between the two; the Corporation. LSC's total recovery may not exceed the amount of expenditures disallowed.

(d) Funds received by a recipient from other recipients in the form of fees and dues shall be accounted for and included in the annual audit of the recipient receiving these funds as Corporation funds.