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Settlement Act (43 U.S.C. 1601 et. seq.)), which is recognized by the Secretary of the Interior as eligible for the special programs and services provided by the Unites States to Indians because of their status as Indians. In -lUnd Contributions - The value of non -cash contributions provided by non - Federal third parties. In -kind contributions may be in the form of real property, equipment, supplies and other expendable property, and the value of goods and services directly benefiting and specifically identifiable to the project. Intangible Property - Property that includes, but is not limited to, trademarks, copyrights, patents and patent applications. Obligation - The amount of orders placed, contracts awarded, goods and services received, and similar transactions during the grant period that will require payment during the same or future period. Program Officer - The IMLS program staff member designated in the cover letter of the official grant award package as the person responsible for the oversight of the grant. Program Income - Gross income earned by a grantee that is directly earned as a result of the grant. It includes but is not limited to income from fees for services performed and from the sale of items created under a grant, usage or rental fees for equipment or property acquired under a grant, and license fees and royalties from patents and copyrights. Project Funds - Both the federal and non - federal funds that are used to cover the cost of budgeted project activities. Simplified Acquisition Threshold - This term replaces "small purchase threshold," and the threshold is currently set at $150,000 [2 CFR 2.101]. (See "Contract Provisions" in the Appendix to these General Terms and Conditions.) State - Each of the 50 States of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, the Republic of the Marshall Islands, the Federated States of Micronesia, and the Republic of Palau. Subgrant - An award of financial assistance in the form of money or property, made under a grant by a grantee to an eligible sub - recipient or by a sub - recipient to a lower -tier sub - recipient. The term does riot include the procurement of goods and services. Discretionary program grantees of the Office of Museum Services (OMS) and the Office of Library Services (OLS) do not have the authority to make subgrants (re- grant) with funds they have received from IMLS (45 C.F.R. §1186.55). Supplies - All personal property, excluding equipment and intangible property as defined in this glossary. iv