200 loan Fundamentals Explained
200 loan Fundamentals Explained
Blog Article
(a) Title to intangible assets obtained less than a Federal award vests on acquisition while in the receiver or subrecipient. The receiver or subrecipient must use that intangible home to the originally licensed purpose and need to not encumber the house without the approval of your Federal agency or move-through entity.
(7) Prepared processes for figuring out the allowability of costs in accordance with subpart E along with the terms and conditions from the Federal award.
A contract is for the objective of obtaining goods and expert services for that recipient's or subrecipient's use and makes a procurement partnership having a contractor. See the definition of contract
(4) Severance payments to foreign nationals used because of the receiver or subrecipient outside the house The usa, on the extent that the quantity exceeds the customary or prevailing techniques to the recipient or subrecipient in The usa, are unallowable Unless of course they are demanded by relevant international regulation or necessary for the functionality of Federal plans and authorized from the Federal agency.
signifies the procedure by which the Federal company or go-as a result of entity determines that all applicable administrative steps and all required perform on the Federal award are finished and requires actions as explained in § two hundred.344.
A quick summary of your statutory or regulatory needs of This system and its supposed final result. The place appropriate, the program description, function, targets, and performance measurement must align With all the strategic targets and aims in the Federal agency's efficiency system and may aid the Federal company's overall performance measurement, management, buyer working experience initiatives, and reporting as expected by Section six of OMB Round A-11;
There are no demands governing the disposition of program profits attained once the finish in the duration of functionality in the Federal award Except stipulated while in the Federal agency laws or perhaps the terms and conditions on the Federal award.
(4) The procurement is predicted to exceed the simplified acquisition threshold, as well as a sealed bid procurement would be to be awarded to an entity in addition to the obvious very low bidder; or
(iii) The depository would demand a median or minimum balance so substantial that it wouldn't be possible Together with the expected Federal and non-Federal funds methods;
(i) The receiver or subrecipient has did not comply with the stipulations on the Federal award; or
The Federal agency may perhaps waive any effectiveness report that isn't needed to make sure the ambitions and targets from the Federal award are now being attained.
The receiver or subrecipient is inspired to generate income to defray software expenses when acceptable. Method earnings need to be used for the initial intent in the Federal award. Software cash flow gained through the duration of performance may possibly only be useful for charges incurred through the duration of performance or allowable closeout fees.
(4) Salaries and wages of employees used in check here Assembly cost sharing prerequisites on Federal awards have to be supported in the exact same manner as salaries and wages claimed for reimbursement from Federal awards.
(b) For premiums masking a future fiscal year in the recipient or subrecipient, the unallowable fees have to be faraway from the oblique Value swimming pools plus the premiums needs to be altered.