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Page 46 of 52 <br />(B) $25,000,000 or more in annual gross revenues from Federal procurement <br />contracts (and subcontracts), and Federal financial assistance subject to the <br />Transparency Act (and subawards); and <br />ii. The public does not have access to information about the compensation of the <br />executives through periodic reports filed under section 13(a) or 15(d) of the <br />Securities Exchange Act of 1934 (15 U.S.C. 78m(a), 78o(d)) or section 6104 <br />of the Internal Revenue Code of 1986. (To determine if the public has access <br />to the compensation information, see the U.S. Security and Exchange <br />Commission total compensation filings <br />at http://`,vww.sec..Lovlanswerslayeeomp.htm.) <br />2. Where and when to report. You must report subrecipient executive total <br />compensation described in paragraph c. 1. of this award tern: <br />i. To the recipient. <br />ii. By the end of the month following the month during which you make the <br />subaward. For example, if a subaward is obligated on any date during the <br />month of October of a given year (i.e., between October 1 and 31), you must <br />report any required compensation information of the subrecipient by <br />November 30 of that year. <br />d. Exemptions <br />If, in the previous tax year, you had gross income, from all sources, under $300,000, <br />you are exempt from the requirements to report: <br />i. Subawards, and <br />ii. The total compensation of the five most highly compensated executives of any <br />subrecipient. <br />e. Definitions. For purposes of this award term: <br />1. Entity means all of the following, as defined in 2 CFR part 25: <br />A Governmental organization, which is a State, local government, or Indian <br />tribe; <br />ii. A foreign public entity; <br />iii. A domestic or foreign nonprofit organization; <br />iv. A domestic or foreign for -profit organization; <br />Agreement No. R20AP00075 Agreement Template <br />(03/2019) <br />