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      "text": "48. Nonprofit Organization. See 2 CFR 1108.260.\n49. Obligation. See 2 CFR 1108.265.\n50. Office Of Management and Budget. See 2 CFR 1108.270.\n51. Outlays. See 2 CFR 1108.275.\n52. Participant Support Costs. See 2 CFR 1108.280.\n53. Period Of Performance. See 2 CFR 1108.285, See also Subdivision D.\n54. Personal Property. See 2 CFR 1108.290. Property other than real property. It may be tangible, having physical existence, or intangible, such as copyrights, patents, and securities.\n55. Principal Investigator. See 2 CFR 1108.295, Also See Subdivision D.\n56. Prior Approval. See 2 CFR 1108.298\n57. Procurement Contract. See 2 CFR 1108.300. Legal instrument which, consistent with 31 U.S.C. 6303, reflects a relationship between the Federal Government and a state, a local government, or other recipient when the principal purpose of the instrument is to acquire property or services for the direct benefit or use of the Federal Government. A procurement contract is a prime-tier transaction and therefore distinct from a recipient’s or subrecipient’s “procurement transaction” or “contract” as defined in this part.\n58. Procurement Transaction. See 2 CFR 1108.2305. Legal instrument by which a recipient or subrecipient purchases property or services it needs to carry out the project or program under its award or subaward, respectively. A procurement transaction is distinct both from “subaward” and “procurement contract,” as those terms are defined in this part.\n59. Program Income. See 2 CFR 1108.310.\n60. Project Costs. See 2 CFR 1108.315.\n61. Property. See 2 CFR 1108.320.\n62. Real Property. See 2 CFR 1108.325.\n63. Recipient. See 2 CFR 1108.330. An entity that receives an award directly from NGB. The term does not include",
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