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Code of Federal Regulations Title 7. Agriculture § 7.550.115 Payment

Current as of January 02, 2025 | Updated by Findlaw Staff

Reimbursement is the standard method of payment for non-assistance cooperative agreements. All payments to the Cooperator will be made in U.S. dollars by Electronic Funds Transfer (EFT), utilizing the Cooperator's DUNS number and current SAM registration information. The method of payment will be identified on the Award Face Sheet and includes:

(a) Electronic payment system. The Agency-accepted electronic payment system is the default method of payment.

(b) EFT/Treasury Check. When the payment method identified on the Award Face Sheet is “EFT/Treasury Check,” the Cooperator must submit invoices to the Agency on the OMB–approved SF–270, “Request for Advance or Reimbursement.” In addition to the SF–270, the Cooperator must provide:

(1) Total dollar amount requested for reimbursement itemized by approved budget categories, including the indirect cost rate for the award, when applicable.

(2) Name, phone number, email address, and the Cooperator's financial contact, should the ADO or Agency PI have any invoice questions.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.550.115 Payment - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-550-115/

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