Unexpended funds must be returned to the sponsor at the conclusion of the agreement. The agreement provides for the disposition of either tangible or intangible properties which may result from the activity. Tangible properties include buildings, equipment, records, technical reports, theses, or dissertations. Intangible properties include rights in data, copyrights, or inventions. Prior approval for changes in budget or project activities are required by the sponsoring entity.
Cost sharing is required by the sponsoring agency.
The recipient will enter into a sub-contract for partial performance of the award. The award is subject to special conditions such as human subjects or animal care approval. The award involves federal funds, federal flow-through funds or the donation of federal equipment, commodities or services. H. Financial Disclosure Financial disclosure means the formal filing of information with a designated University administrator disclosing any direct and indirect financial interests that the University employee, or spouse, or dependent children have in a sponsor or potential sponsor of a funded activity. In consulting, the University employee agrees to use his or her professional capabilities to further the interests of a third party, in return for compensation.