A Simple Key For 200 loan Unveiled
A Simple Key For 200 loan Unveiled
Blog Article
(b) The prices are appropriately supported by permitted Value allocation options in accordance Together with the relevant Price tag accounting ideas of the portion; and
usually means a recipient or subrecipient that provides a subaward to some subrecipient (such as lessen tier subrecipients) to execute Component of a Federal system. The authority on the go-by means of entity beneath this portion flows in the subaward agreement in between the pass-by way of entity and subrecipient.
A deal is for the goal of obtaining items and providers for that recipient's or subrecipient's use and generates a procurement marriage which has a contractor. See the definition of agreement
(2) The time period “direct loan obligation” suggests a binding arrangement by a Federal company to create a direct loan when specified situations are fulfilled via the borrower.
(6) Other awards less than which the receiver or subrecipient will not be necessary to account for precise costs incurred.
suggests the entity that owns or controls an immediate operator of the applicant or that owns or controls a number of entities that Handle an immediate operator of the applicant.
means an award by which the Federal company, in keeping with precise statutory authority that permits the company to work out judgment (“discretion”), selects the receiver or the amount of Federal funding awarded by way of a competitive course of action or based upon advantage of proposals. A discretionary award can be selected with a non-aggressive basis, as ideal.
(4) The procurement is predicted to exceed the simplified acquisition threshold, plus a sealed bid procurement is always to be awarded to an entity other than the obvious lower bidder; or
(2) The Federal Govt may possibly both disallow all indirect charges or unilaterally build an indirect Charge price in the event the receiver fails to post a Accredited proposal for setting up a charge. This level need to be centered on audited historical info or other details furnished towards the cognizant company for indirect costs and for which it might be demonstrated that all unallowable prices are excluded.
usually means the amount of cash under a Federal award that the receiver or subrecipient has not obligated. The amount is computed by subtracting the cumulative volume of the receiver's or click here subrecipient's unliquidated monetary obligations and expenses under the Federal award through the cumulative degree of funds the Federal agency or move-as a result of entity authorized the receiver or subrecipient to obligate.
(two) The outcomes of former audits. This consists of thinking of whether or not the subrecipient gets a Single Audit in accordance with subpart File and also the extent to which precisely the same or very similar subawards are audited as A significant software;
The receiver or subrecipient should, in a minimum amount, supply the equal insurance coverage coverage for authentic house and tools obtained or enhanced with Federal cash as provided to home and devices owned because of the receiver or subrecipient.
The aggregate dollar quantity of the procurement transaction is larger as opposed to micro-buy threshold but isn't going to exceed the simplified acquisition threshold. If simplified acquisition procedures are made use of, cost or fee quotations need to be attained from an suitable number of qualified sources.
Each time a receiver or subrecipient transfers title towards the residence into a Federal company or third party specified or accepted via the Federal agency, the recipient or subrecipient is entitled to get paid an volume calculated by multiplying The share of the recipient's or subrecipient's contribution toward the original invest in of the actual residence (and cost of any improvements) by The present reasonable sector value of the property.