Not known Factual Statements About 200 loan

Not known Factual Statements About 200 loan

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(1) The recipient's or subrecipient's procurement methods or Procedure fails to adjust to the procurement standards Within this element;

(one) The time period “immediate loan” indicates a disbursement of cash because of the Federal Govt to the non-Federal borrower below a deal that needs the repayment of this kind of cash with or with no fascination. The expression consists of the purchase of, or participation in, a loan created by An additional lender and financing preparations that defer payment for a lot more than ninety times, such as the sale of the Federal Governing administration asset on credit history conditions.

(12) Council of governments, whether incorporated to be a nonprofit corporation below Point out regulation; and

Apart from exactly where normally approved by statute, costs need to satisfy the following requirements to be allowable beneath Federal awards:

suggests a grouping of carefully linked applications that share typical compliance needs. The kinds of clusters of packages are study and development (R&D), scholar economical aid (SFA), as well as other clusters. “Other clusters” are outlined by OMB within the compliance complement or selected by a Point out for Federal awards the Condition offers to its subrecipients that meet the definition of a cluster of courses.

(five) Implements a program for any public intent laid out in authorizing statute, instead of furnishing products or expert services for the benefit of the go-by way of entity.

implies an entity that receives a Federal award straight from a Federal agency to execute an activity less than a Federal application. The expression recipient won't contain subrecipients or folks which can be individuals or beneficiaries of the award.

(one) The receiver or subrecipient must use equipment to the job or program for which it was obtained and for so long as required, whether or not the project or program continues for being supported with the Federal award. The recipient or subrecipient will have get more info to not encumber the devices without prior acceptance of the Federal company or go-via entity.

(h) The method employed for deciding the worth of donated machines, structures, and land for which title passes to the receiver or subrecipient may vary based on the pursuing:

implies the documentation ready by a receiver to substantiate its request to establish an oblique Price tag charge as described in appendices III by means of VII and appendix IX to this part.

The applicant's file of running preceding and present-day Federal awards, like compliance with reporting requirements and conformance to your conditions and terms of Federal awards, if relevant;

for recipients and subrecipients indicates procedures built and carried out by recipients and subrecipients to provide realistic assurance regarding the accomplishment of aims in the following types:

(ii) The best available interest-bearing account would not reasonably be anticipated to receive desire in excessive of $five hundred per year on Federal income balances;

When genuine residence is now not desired for that initially licensed function, the receiver or subrecipient have to receive disposition Directions in the Federal company or go-by means of entity. The Guidance ought to specify certainly one of the next disposition methods: