GroundRules
2 CFR 700.13: Additional provisions for awards to for-profit entities.
Where this section sits in the code
- Title 2—Federal Financial Assistance
- Subtitle B—Federal Agency Regulations for Grants and Agreements
- CHAPTER VII—AGENCY FOR INTERNATIONAL DEVELOPMENT
- PART 700—UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS
- Subpart D—Post Federal Award Requirements
(a) This paragraph contains additional provisions that apply to awards to for-profit entities. These provisions supplement and make exceptions for awards to for-profit entities from other provisions of this part.
(1) Prohibition against profit. The agency or pass-through entity will not provide funds as profit to any for-profit entity receiving or administering Federal financial assistance as a recipient or subrecipient. Federal financial assistance does not include contracts as defined at 2 CFR 200.1, other contracts a Federal agency uses to buy goods or services from a contractor, or contracts to operate Federal government owned, contractor operated facilities (GOCOs). Profit is any amount in excess of allowable direct and indirect costs.
(2) [Reserved]
(b) [Reserved]
Collected 2026-08-27T02:23:42Z. Source file · JSON