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1 . <br /> • <br /> Cooperative Agreement No. L10AC20366 <br /> Page 7of16 <br /> in accordance with the actual, immediate cash requirements of the recipient organization in <br /> carrying out the purposes of the approved program or project. The timing and amount of cash <br /> advances shall be as close as is administratively feasible to the actual disbursements by the <br /> recipient organization for direct program or project costs and the proportionate share of any <br /> allowable indirect costs. <br /> VII. PROPERTY MANAGEMENT AND DISPOSITION <br /> Any BLM property used or other property acquired under this agreement, including <br /> intangible property such as copyrights and patents shall be governed by the provisions of 43 <br /> CFR, Subpart C, Section 12.71 through 12.73 for State, local and Indian tribal governments or <br /> Subpart F, Section 12.930 through 12.937 for institutions of higher education, hospitals, other <br /> non - profit and all other organizations. The BLM assumes no liability for any actions or activities <br /> conducted under this agreement except to the extent that recourse or remedies are provided by <br /> Congress under the Federal Tort Claims Act [28 U.S.C. 1346(b), 2401(b), 2671 - 2680, as <br /> amended by P.L. 89 -506, 80 Stat. 306] ". <br /> VIII. DELIVERABLES AND REPORTS <br /> A. Federal Financial Reports: <br /> 1. Reports of expenditures are required as documentation of the financial status of <br /> awards according to the official accounting records of the recipient's organization. The recipient <br /> shall submit to the BLM's Project Officer listed in Section IX, Key Officials, a completed <br /> original of the FFR, Standard Form 425 (SF -425), Federal Financial Report (Short Form), to <br /> report the status of funds for this agreement. The forms and instructions may be downloaded at: <br /> http: / /www. forms. gov /bgfPortal /docSearch.do: jsessionid =1 A3 CDC5B 15C0C 19C953D20FA58 <br /> A2831 F ?bId =56 &dsType = sdAB &ald =+ &abType =A. <br /> 2. The recipient will report program outlays and program income on a cash basis. <br /> However, if the recipient organization's accounting records are normally kept on an accrual <br /> basis, the recipient may report outlays on that basis. <br /> 3. The recipient may elect to submit the SF -425 at the time of funds drawdown from <br /> ASAP, or to submit the form on a quarterly basis. Upon written request, the Grants Management <br /> Officer (GMO) may authorize semiannual or annual reports through the issuance of a <br /> modification. <br /> 4. In addition to the SF -425, the recipient shall include detailed information of costs, <br /> by budget categories that reflects the approved SF 424A, Budget Information. This may include <br /> a brief narrative describing the grant activities in direct support of funds draw down. <br /> 5. If the recipient elects to submit the SF -425 on a quarterly basis rather than with <br /> each funds drawdown from ASAP, the quarterly report(s) (or semiannual reports if authorized) <br /> are due 30 calendar days after the end of the quarter (or semiannual) reporting period. If annual <br /> reports are authorized, they are due 90 calendar days after the end of the reporting period. <br /> 6. The final FFR is due to the GMO no later than 90 calendar days after the expiration <br /> or termination of this agreement. <br />