Everything about 200 loan
Everything about 200 loan
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A subaward is for the goal of carrying out a portion of the Federal award and generates a Federal financial assistance romantic relationship which has a subrecipient. See the definition of Subaward
When a receiver or subrecipient sells the assets, it have to spend the Federal company an amount of money calculated by multiplying the percentage of the Federal agency's contribution in the direction of the first invest in (and cost of any enhancements) with the proceeds from the sale following deducting any real and fair expenditures paid to market or take care of up the residence on the market.
(five) Payments for unfunded PRHP fees need to be charged in accordance With all the allocation principles of this subpart. Precisely, the recipient or subrecipient might not cost unfunded PRHP charges directly to a Federal award if All those unfunded PRHP charges usually are not allocable to that award.
(2) A physical stock of the house have to be carried out, and the effects should be reconciled While using the house documents not less than at the time each individual two a long time.
(a) Recipients and subrecipients are prohibited from obligating or expending loan or grant money to:
A brief summary in the statutory or regulatory demands of the program and its supposed consequence. Wherever appropriate, the program description, goal, plans, and functionality measurement ought to align With all the strategic aims and targets inside the Federal agency's efficiency system and may assistance the Federal company's general performance measurement, management, consumer experience initiatives, and reporting as necessary by Portion 6 of OMB Round A-eleven;
There are no requirements governing the disposition of method profits acquired after the conclusion from the period of performance with the Federal award unless stipulated while in the Federal company regulations or perhaps the conditions and terms of your Federal award.
If a deal is matter to CAS, charges have to be allocated to that agreement according to the Price Accounting Requirements, which consider priority more than the allocation provisions Within this component.
(iii) The depository would have to have a mean or minimum balance so superior that it wouldn't be feasible Together with the predicted Federal and non-Federal income resources;
(11) The recipient or subrecipient ought to maintain advance payments of Federal resources in fascination-bearing accounts Unless of course one of the next applies:
signifies an entity that gets a subaward from the go-via entity to perform A part of a Federal award. The phrase subrecipient won't consist of a beneficiary or participant. A subrecipient may also be considered a recipient of other Federal awards straight from a Federal agency.
Payment for employees engaged in work on Federal awards will likely be affordable to your extent that it is per that compensated for very similar get the job done in other pursuits on the recipient or subrecipient. In cases wherever the types of staff members necessary for Federal awards are usually not present in one other activities on the recipient or subrecipient, payment will likely be regarded sensible to the extent that it is corresponding to that paid for very similar function during the labor industry by which the receiver or subrecipient competes for the sort of personnel involved.
The Federal agency may possibly only use application details collections accredited by OMB beneath the Paperwork Reduction more info Act of 1995 and OMB's implementing regulations in five CFR element 1320 and in alignment with OMB-approved, government-wide details features out there within the OMB-designated benchmarks direct.
(one) Fees unallowable less than other sections of these ideas ought to not be allowable under this area entirely since they constitute staff payment.