Grant Application Bureau of Justice Assistance

A transaction in which the buyers and sellers of a product act independently and have no relationship to each other.The concept of an arm's length transaction is to ensure that both parties in the deal are acting in their own self interest and are not subject to any pressure or duress from the other party. Arm-Length Transaction Generally,costs of renting facilities are not allowable where one party to the rental agreement is able to control or substantially influence the actions of the other(e.g. organizations under common control through common officers. Directors or members). Confidential funds are those monies allocated to: Purchase of Services(P/S). This category includes travel or transportation of a non-Federal officer or an informant;the lease of an apartment, business front, luxury-type automobiles, aircraft or boat,or similar effects to create or establish the appearance of affluence; and/or meals, beverages, entertainment,and similar expenses (including buy money and flash rolls, etc.)for undercover purposes,within reasonable limits. Confidential Funds Purchase of Evidence(P/E). This category is for P/E and/or contraband,such as narcotics and dangerous drugs, firearms,stolen property,counterfeit tax stamps,and so forth, required to determine the existence of a crime or to establish the identity of a participant in a crime. Purchase of Specific Information(P/I). This category includes the payment of monies to an informant for specific information.All other informant expenses would be classified under P/S and charged accordingly. Fully Executed Negotiated Fully Executed Negotiated Agreement is a signed,approved indirect cost rate agreement which reflects an understanding reached between the grant recipient Agreement and the cognizant Federal agency. The cognizant Federal agency is the Federal agency that generally provides the most Cognizant Federal Agency Federal financial assistance to the recipient of funds. Cognizance is assigned by the Office of Management and Budget(OMB). Cognizant agency assignments for the largest cities and counties are published in the Federal Register.