Residual accounts are assigned to departments or colleges with an account number that is 461xxx. The appropriate agreement to be used for agriculture research and personnel exchange. The sponsor usually has substantial involvement in this type of award. Usually few restrictions, but requires specific research effort. Gifts A gift is bestowed voluntarily and without expectation of any tangible compensation.
Cash is received at the time of the award.
All 4xxxxx accounts are administered by the Department of Contract Administration.