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U.S. GRANT ADMINISTRATION STANDARDS — JANUARY 2006 <br />North American Wetlands Conservation Act and Neotropical Migratory Bird Conservation Act <br />D -13 What is program income? ............................................................................ ............................... 9 <br />D -14 Should "net" or "gross" income be used when calculating and reportingprogram income ?... 9 <br />D -15 How may the Recipient use program income? ........................................... ............................... 10 <br />D -16 How is income generated outside the funding period handled? ................. ............................... 10 <br />D -17 What can the Recipient or subrecipient acquire using grant funds? .......... ............................... 10 <br />D -18 Are indirect costs, facilities costs, and direct overhead and administrative costs allowable ?.. 10 <br />D -19 How will the Recipient receive Federal funds? .......................................... ............................... 10 <br />D -20 What funds must be spent before the Recipient may draw down grant funds ? .......................... 10 <br />D -21 Must the Recipient deposit Federal cash advances in interest- bearing accounts separate from <br />otherfunds? ................................................................................................ ............................... 11 <br />D -22 May the Recipient keep the interest earned on Federal cash advances? ... ............................... 11 <br />D -23 How long does a Recipient have to disburse or refund money obtained as a Federal cash <br />advance? ..................................................................................................... ............................... 11 <br />E. EQUIPMENT AND SUPPLIES ........................................................................... ............................... 12 <br />E -1 May the Recipient or subrecipient purchase and manage equipment with grantor match funds? <br />12 <br />E -2 May the Recipient or subrecipient replace and dispose of equipment obtained with grant funds? <br />.......................................................... ............................... 12 <br />E -3 How often must the Recipient or subrecipient inventory equipment? ........ ............................... 12 <br />E -4 May the Recipient or subrecipient dispose of supplies and other expendable property <br />purchased with grant or matchingfunds? .................................................. ............................... 13 <br />F. REAL PROPERTY ACQUISITION ................................................................... ............................... <br />13 <br />F -1 <br />What costs of acquiring real property can the Recipient or subrecipient pay with grant or <br />matchingfunds? ......................................................................................... ............................... <br />13 <br />F -2 <br />When does the Recipient or subrecipient incur the costs of acquiring real property ? ............. <br />13 <br />F -3 <br />May condemnation proceedings be used to purchase lands in NAWCA or NMBCA projects? <br />14 <br />F -4 <br />What notice must be provided to a seller? .................................................. ............................... <br />14 <br />F -5 <br />What if the Recipient or subrecipient fails to provide the required notice ? .............................. <br />14 <br />F -6 <br />Are appraisals required? ............................................................................ ............................... <br />15 <br />F -7 <br />What constitutes an acceptable appraisal? ................................................ ............................... <br />15 <br />F -8 <br />Must appraisals be reviewed? .................................................................... ............................... <br />15 <br />F -9 <br />Must the Recipient or subrecipient pay market value for real property? ... ............................... <br />15 <br />F -10 <br />May the Recipient or subrecipient purchase real property subject to leases or occupied by <br />tenants? ...................................................................................................... ............................... <br />15 <br />F -11 <br />Do relocation requirements apply if the price is set before the FWS receives the proposal, but <br />the title is transferred after the FWS receives the proposal? ..................... ............................... <br />16 <br />F -12 <br />What documents must be submitted when acquiring an interest in real property ? ................... <br />16 <br />F -13 <br />What recorded notices are required for real property included in a Project ? .......................... <br />17 <br />2 <br />