Payment requirements for institutions of higher education, nonprofit organizations, local governments, and Indian tribes.

CFR · 2024-01-01 · US · Title 2

(a) (1) (i) Written procedures that minimize the time elapsing between its receipt of funds from the Federal Government and its disbursement of the funds for project or program purposes; and (ii) Financial management systems that meet the standards for fund control and accountability specified in the wording of FMS Article I (see Subpart A and appendix A to this part). (2) (b) (i) Must use in general terms and conditions for non-construction awards to authorize recipients to request advance payments; and (ii) May use in general terms and conditions for construction awards if it elects to authorize recipients of those awards to request advance payments. (2) (i) Would replace appendix B's wording for paragraph B.1 with wording to specify the reimbursement method of payment; (ii) Must include appendix B's wording for paragraphs B.2.b and c, B.4, and B.5, which may be renumbered as appropriate, because those paragraphs apply to reimbursements as well as advance payments; (iii) Should omit appendix B's wording for paragraphs B.2.a, B.3, and B.6 because those paragraphs apply specifically to advance payments; and (iv) Must inform recipients that the DoD payment office generally makes payment within 30 calendar days after receipt of the request for reimbursement by the award administration office, unless the request is reasonably believed to be improper.

official document · source cfr-2024 · id 2:§ 1128.215