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system requirements of 2CFR Part 200.302. The Servicing Agency's failure to comply with <br />these requirements may result in Agreement termination. <br />6. Allowable Costs: Determination of allowable costs will be made in accordance with the <br />applicable Federal cost principles, e.g., 2 CFR Part 200. Disallowed costs are those charges <br />determined to not be allowed in accordance with the applicable Federal cost principles or <br />other conditions contained in this Agreement. <br />E. TRANSPARENCY ACT REQUIREMENTS <br />Pursuant to the Federal Funding Transparency and Accountability Act of 2006, as amended (Pub. L. 109- <br />282, as amended by section 6202 of Public Law 110-252, hereafter referred to as "the Transparency Act" <br />or "the Act") and the OMB Interim Final Rule (75 FR 55663 (September 14, 20I0) (available at <br />http://www gpo eov/fdsyslpkp/FR-2010-09-14/pdt72010-22705 ndf) (codified at 2 CFR Part 170), the <br />Servicing Agency is required to report as required under the Act: The Servicing Agency shall also report <br />information for its prime contractor. <br />Reporting Obligations <br />a. Applicability. Unless the Servicing Agency (hereinafter in this section referred to as "you") <br />are exempt as provided in paragraph 4. of this section, you must report each action that obligates <br />$25,000 or more in Federal funds for a prime contract to an entity (see definitions in subsection <br />5. of this section). <br />b. Where and when to report. <br />1. You must report each obligating action described in subsection La. of this section to <br />httn://www.fsrs.gov. <br />2. For contractor information, report no later than the end of the month following the month <br />in which the contract was executed. (For example, if the obligation was made on November <br />7, 2010, the obligation must be reported by no later than December 31, <br />2010.) <br />C. What to report. You must report the information about each obligating action that the <br />submission instructions posted at http://www.fsrs.sov specify. <br />2. Reporting Total Compensation of Executives. <br />a. Applicability and what to report. You must report total compensation for each of your five <br />most highly compensated executives for the preceding completed fiscal year, if <br />1. the total Federal funding authorized to date under this award is $25,000 or more; <br />2, in the preceding fiscal year, you received— <br />i. 80 percent or more of your annual gross revenues from Federal procurement contracts <br />(and subcontracts) and Federal financial assistance subject to the Transparency Act, <br />as defined at 2 CFR 170.320 (and subawards); and <br />