Not known Factual Statements About 200 loan

Not known Factual Statements About 200 loan

Blog Article

(g) The recipient or subrecipient ought to not generate or preserve any earnings resulting from Federal money assistance Except explicitly licensed via the stipulations of the Federal award.

(4) The costs assigned to a presented fiscal year are funded for all plan participants in 6 months following the stop of that calendar year. On the other hand, boosts to regular and previous services pension charges a result of a delay in funding the actuarial liability over and above thirty calendar days right after Every single quarter in the 12 months to which these charges are assignable are unallowable.

(5) In the event the receiver or subrecipient is authorized or necessary to provide the property, appropriate sales processes has to be set up to make certain the very best doable return.

(two) The expression “immediate loan obligation” indicates a binding settlement by a Federal company to help make a direct loan when specified circumstances are fulfilled via the borrower.

(b) Disallow prices for all or part of the action associated with the noncompliance from the receiver or subrecipient.

The recipient or subrecipient is answerable for deciding and documenting an correct micro-purchase threshold depending on inside controls, an analysis of chance, and its documented procurement techniques. The micro-obtain threshold used by the recipient or subrecipient should be authorized or not prohibited underneath Point out, community, or tribal regulations or restrictions.

This Speak to variety is only for Site enable or Site tips. When you have thoughts or comments relating to a published document make sure you Make contact with the publishing agency.

(a) Title to materials acquired beneath the Federal award will vest on acquisition from the recipient or subrecipient. When You will find a residual inventory of unused provides exceeding $10,000 in mixture value at the end of the duration of functionality, and also the supplies are usually not essential for any other Federal award, the recipient or subrecipient may perhaps retain or offer the unused materials. Unused supplies signifies materials which are in new affliction, not getting been utilised or opened right before. The aggregate value of unused supplies is made up of all offer styles, not much like-merchandise provides.

(h) The strategy useful for figuring out the value of donated equipment, buildings, and land for which title passes towards the recipient or subrecipient may vary according to the subsequent:

(five) A requirement the subrecipient allow the pass-by way of entity and auditors to entry the subrecipient's documents and economic statements with the pass-by way of entity to fulfill its monitoring necessities; and

(2) The final results of previous audits. This involves looking at if the subrecipient gets only one Audit in accordance with subpart F as well as the extent to which a similar or comparable subawards are audited as A serious application;

Payment for employees engaged in Focus on Federal awards might be acceptable to your extent that it is per that paid for identical perform in other things to do with the recipient or subrecipient. In cases where by the forms of staff needed for Federal awards are certainly not found in one other routines from the receiver or subrecipient, payment is going to be thought of realistic towards the extent that it's corresponding to that paid out for similar perform while in the labor marketplace where the recipient or subrecipient competes for the type of workforce involved.

(a) All procurement transactions underneath the Federal award needs to be executed within a manner that gives entire and open here up Competitors and is according to the criteria of this portion and § 200.320.

Official procurement techniques are essential when the worth from the procurement transaction less than a Federal award exceeds the simplified acquisition threshold from the recipient or subrecipient. Official procurement methods are competitive and need public recognize.