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Code · CFR · Title 2 — Federal Financial Assistance · Part 1128 — Recipient Financial and Program Management: General Award Terms and Conditions · § 1128.505

§ 1128.505. Content of FMS Article V.

72 words·~1 min read·/us/cfr/t2/s§ 1128.505·

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(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.
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