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200.112 Conflict of interest. The Federal awarding agency must establish conflict of interest policies for Federal awards.
400.2 Conflict of interest. No employee, officer or agent may participate in the selection, award, or administration of a Federal award if he or she has a real or apparent conflict of interest.
Organizational conflicts of interest means that because of relationships with a parent company, affiliate, or subsidiary organization, the non-Federal entity is unable or appears to be unable to be impartial in conducting a procurement action involving a related organization.
200.404 Reasonable costs. In determining reasonableness of a given cost, consideration must be given to: (a) Whether the cost is of a type generally recognized as ordinary and necessary for the operation of the non-Federal entity or the proper and efficient performance of the Federal award.
Uniform Guidance (2 C.F.R. Part 200): 2 C.F.R Part 200 establishes uniform administrative requirements, cost principles, and audit requirements for Federal awards to non-Federal entities.
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The Code of Federal Regulations Title 2 contains the codified Federal laws and regulations that are in effect as of the date of the publication pertaining to Federal Grants and Agreements.

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