A subaward is a formal agreement that allows a recipient of a grant or award to provide funding to another eligible organization, known as a subrecipient. This arrangement supports a specific part of the project or program for which the original recipient received funding. It's important to note that a subaward is not the same as a purchase of goods or services necessary for the project.
Subawards are commonly used in various legal contexts, particularly in grant management and nonprofit sectors. They are relevant in federal, state, and local funding scenarios where projects require collaboration with other organizations. Users can often manage subaward agreements through templates available on platforms like US Legal Forms, which are crafted by legal professionals to ensure compliance with applicable laws.
Here are a couple of examples of abatement:
Examples of state differences (not exhaustive):
| State | Subaward Regulations |
|---|---|
| California | Subawards must comply with state grant management guidelines. |
| Texas | Specific reporting requirements for subawards are mandated. |
| New York | Subawards must follow both state and federal regulations for transparency. |
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
| Term | Description |
|---|---|
| Subaward | A funding agreement to support a specific part of a project by a subrecipient. |
| Contract | A legally binding agreement for the purchase of goods or services. |
| Grant | A sum of money given by an organization for a specific purpose, often with fewer restrictions than a subaward. |
If you are involved in a project that may require a subaward, consider the following steps:
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| Attribute | Details |
|---|---|
| Typical Fees | Varies by project and funding source. |
| Jurisdiction | Federal and state regulations apply. |
| Possible Penalties | Non-compliance can result in loss of funding. |
A subaward is a legal agreement that allows a recipient of a grant to provide funding to another eligible organization for specific project activities.