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award, and may constitute a violation of the terms and conditions of the award so serious as to provide grounds for subsequent suspension or debarment. e. The recipient must maintain records of all project costs that are claimed by the recipient as cost sharing as well records of costs to be paid by NRCS. If the recipient's cost participation includes in -kind contributions, the basis for determining the valuation for volunteer services and donated property must be documented. XL PROGRAM INCOME Income derived from patents, inventions, or copyrights will be disposed of in accordance with the recipient's own policies. General program income earned under this award during the period of MRCS support must be added to total project funds and used to further the purpose and scope of this award or the legislation under which this award is made. XII. NONEXPFNDABLE EQUIPMENT Recipients purchasing equipment or products with funds provided under this award are encouraged to use such funds to purchase only American -made equipment and products. Title to nonexpendable equipment purchased with award funds will vest in the recipient upon completion of the award project and acceptance by MRCS of required final reports. When equipment is no longer needed by the recipient and the per -trait fair market value is less than $5,000, the recipient may retain, sell, or dispose of the equipment with no further obligation to MRCS. However, if the per -unit fair market value is $5,000 or more, the recipient must submit a written request to the MRCS administrative contact for disposition instructions. XIII. LIMIT OF FEDERAL LIABILITY The maximum financial obligation of NRCS to the recipient is the amount of funds indicated in the award . as obligated by NRCS. However, in the event that an erroneous amount is stated on the approved budget, or any supporting document relating to the award, MRCS will have the unilateral right to make the correction and to make an appropriate adjustment in the NRCS share of the award to align with the federal amount authorized. XIV. MODIFICATIONS AND TERMINATIONS NRCS may amend or modify the award through an exchange of correspondence between authorized officials of the recipient and MRCS. The award is subject to termination if NRCS determines that the recipient has failed to comply with the terms and conditions of the award. In the event that the award is terminated, the financial obligations of the parties will be those set forth in 7 CFR Part 3015, Subpart N. XV. AWARD CLOSEOUT Award closeout is the process by which MRCS determines that all required project activities have been performed satisfactorily and all necessary administrative actions have been completed. Attachment number 1 F -7 Page 177