The 2-Minute Rule for 200 loan

(one) The recipient or subrecipient may utilize a time-and-products variety contract only after a resolve that no other deal is suited and When the agreement features a ceiling cost the contractor exceeds at its own hazard.

(four) The costs assigned to some provided fiscal 12 months are funded for all plan members within 6 months following the finish of that calendar year. Even so, improves to typical and earlier provider pension charges brought on by a delay in funding the actuarial liability past 30 calendar times following Each individual quarter of the calendar year to which this sort of expenses are assignable are unallowable.

(4) Typical maintenance treatments need to be in place to make sure the home is in suitable working issue.

(e) The data for program cash flow acquired after the duration of general performance have to be retained for three several years from your finish on the recipient's or subrecipient's fiscal yr where the program profits is attained.

(e) The quantity or proportion of unallowable charges included in annually's charge will probably be assumed for being similar to the amount or proportion of unallowable expenditures included in the base calendar year proposal utilized to establish the speed.

(ii) Measuring the costs of irregular or mass severance fork out by means of an accrual strategy will not likely achieve equity for both equally parties. Thus, accruals aren't allowable.

(one) The only foundation for your resolve is definitely the applicant's prior history of efficiency on administering Federal awards or its history of integrity and business ethics, as explained in § two hundred.

(1) The recipient or subrecipient ought to use machines for your task or system for which it absolutely was acquired and for so long as needed, whether the venture or program proceeds to become supported from the Federal award. The receiver or subrecipient should not encumber the devices without having prior acceptance with the Federal company or pass-by way of entity.

Reviews and results from audits carried out beneath subpart File or maybe the studies and results of some other available audits, if applicable; and

(iii) Fewer than total compliance While using the statistical sampling benchmarks pointed out in paragraph (five)(i) could possibly be approved through the cognizant agency for indirect charges if it concludes which the quantities allotted to Federal awards will likely be minimum or if it concludes which the technique proposed by the recipient or subrecipient will lead to lessen expenses to Federal awards than the usual procedure which complies Along with the criteria.

(one) Is acceptable for your companies rendered and conforms to your set up composed plan of the receiver or subrecipient consistently applied to each Federal and non-Federal pursuits;

The prior acceptance requirements for your actions explained in paragraph (g) of this section are instantly waived for Federal awards that help investigate unless stipulated in the Federal company's restrictions or stipulations with the Federal award.

The Federal company may perhaps only use application data collections accredited get more info by OMB underneath the Paperwork Reduction Act of 1995 and OMB's applying regulations in 5 CFR component 1320 As well as in alignment with OMB-accredited, authorities-extensive info things out there from the OMB-designated benchmarks lead.

(4) The phrase “loan promise motivation” implies a binding arrangement by a Federal agency for making a loan assurance when specified problems are fulfilled from the borrower, the lender, or another celebration to the promise agreement.

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