A Simple Key For 200 loan Unveiled
A Simple Key For 200 loan Unveiled
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(b) The prices are correctly supported by permitted Expense allocation options in accordance Along with the relevant cost accounting ideas of this section; and
(a) Bonding costs come up once the Federal agency needs assurance versus monetary reduction to alone or Other individuals due to an act or default from the recipient or subrecipient.
If approved by Federal regulations or perhaps the Federal award, costs incidental to creating method earnings may very well be deducted from gross cash flow to find out application earnings, delivered these charges have not been billed for the Federal award.
(two) When no Aid Listings Quantity is assigned, all Federal awards within the similar company designed for the same purpose have to be put together and deemed a person program.
(a) Recipients and subrecipients are prohibited from obligating or expending loan or grant cash to:
indicates the time interval from the start day of a funded portion of an award to the top day of that funded portion, for the duration of which recipients and subrecipients are authorized to incur financial obligations of your resources awarded, including any resources carried forward or other revisions pursuant to § 200.308.
(two) Is distinguished from the cooperative settlement in that it doesn't present for significant involvement with the Federal agency in finishing up the activity contemplated with the Federal award.
When it is anticipated the period of overall performance will consist of several finances periods, the Federal agency should indicate that subsequent budget periods are issue to The supply of cash, system authority, satisfactory functionality, and compliance with the stipulations of the Federal award.
(2) The Federal Govt might possibly disallow all indirect expenses or unilaterally create an oblique Expense fee in the event the receiver fails to submit a Licensed proposal for setting up a charge. This fee needs to be based mostly upon audited historical facts or other details furnished towards the cognizant agency for indirect prices and for which it might be demonstrated that each one unallowable costs are excluded.
(three) The procurement is expected to exceed the simplified acquisition threshold and specifies a “brand name name” solution;
(4) If a receiver or subrecipient establishes or converts to an actuarial Charge process and cash PRHP expenses in more info accordance with this process, the Preliminary unfunded liability attributable to prior many years is allowable if amortized about a duration of decades in accordance with GAAP, or, if no this kind of GAAP interval exists, in excess of a period of time negotiated While using the cognizant company for indirect charges.
(ii) The pass-through entity must not involve the usage of the de minimis oblique Value rate If your subrecipient has an accredited oblique Value price negotiated While using the Federal Government.
The Federal company or pass-through entity will have to require the receiver or subrecipient to submit stories about the position of genuine residence through which the Federal Govt retains an interest. This sort of experiences have to be submitted a minimum of annually. In scenarios where by the Federal Federal government's curiosity in the actual residence extends for fifteen years or maybe more, the Federal company or move-as a result of entity might call for the receiver or subrecipient to report at numerous multi-calendar year frequencies.
The receiver or subrecipient may possibly create a threshold increased in comparison to the micro-invest in threshold identified during the Much in accordance with the necessities of this segment. The recipient or subrecipient could self-certify a threshold up to $50,000 on an once-a-year foundation and should maintain documentation to be manufactured available to the Federal agency or pass-via entity and auditors in accordance with § 200.