75.707—When obligations are made.
The following table shows when a grantee makes obligations for various kinds of property and services.
If the obligation is for— | The obligation is made— |
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(a) Acquisition of real or personal property | On the date the grantee makes a binding written commitment to acquire the property. |
(b) Personal services by an employee of the grantee | When the services are performed. |
(c) Personnal services by a contractor who is not an employee of the grantee | On the date on which the grantee makes a binding written commitment to obtain the services. |
(d) Performance of work other than personal services | On the date on which the grantee makes a binding written commitment to obtain the work. |
(e) Public utility services | When the grantee receives the services. |
(f) Travel | When the travel is taken. |
(g) Rental of real or personal property | When the grantee uses the property. |
(h) A preagreement cost that was properly approved by the Secretary under the cost principles identified in 34 CFR 74.171 or 80.22 |