200 loan Fundamentals Explained
200 loan Fundamentals Explained
Blog Article
(six) Cognizant businesses for oblique expenses are inspired to approve alternative proposals based upon outcomes and milestones for system overall performance when these are generally Plainly documented.
The receiver or subrecipient will have to keep records adequate to detail the background of every procurement transaction. These records must include things like the rationale for your procurement method, contract variety choice, contractor selection or rejection, and the basis with the contract value.
(4) When acquiring substitute devices, the recipient or subrecipient may both trade-in or market the tools and make use of the proceeds to offset the price of the substitute equipment.
(A) Bids have to be solicited from an adequate amount of competent sources, offering them with ample response time just before the day set for opening the bids.
(a) Recipients and subrecipients are prohibited from obligating or expending loan or grant resources to:
The reasonableness and allocability of selected expenditures beneath Federal awards may be tough to decide. To prevent subsequent disallowance or dispute based on unreasonableness or nonallocability, the recipient may seek the prior prepared acceptance on the Federal company (or, for indirect fees, the cognizant agency for indirect charges) just before incurring the cost.
if it does not make a Federal award to an applicant since it establishes that the applicant won't satisfy the bare minimum qualification benchmarks as explained in § two hundred.206(a)(2). The Federal company have to report that determination only if all of the following apply:
(b) When setting up general performance reporting frequency and information, the Federal company ought to consider what details are going to be needed to measure the receiver's progress, to recognize promising methods of recipients, and build the evidence upon which the Federal agency makes system and general performance choices.
A meeting usually means an event whose Key purpose will be to disseminate technical info past the receiver or subrecipient and is essential and affordable for profitable functionality beneath the Federal award. Allowable convention prices may include the rental of services, speakers' expenses, attendance charges, costs of foods and refreshments, nearby transportation, as well as other products incidental to these kinds of conferences Unless of course even more restricted with the stipulations of your Federal award.
(4) In the event the recipient or subrecipient can not satisfy the criteria for progress payments as well as Federal company or pass-via entity has determined that reimbursement is not possible since the recipient or subrecipient lacks ample Doing the job funds, the Federal agency or go-by entity may possibly give income on the Performing cash advance basis. Less than this course of action, the Federal agency or go-by entity have to advance dollars payments on the recipient or subrecipient to deal with its estimated disbursement requires for an Original interval normally aligned towards the receiver's or subrecipient's disbursing cycle.
(2) The final results of prior audits. This incorporates contemplating whether the subrecipient receives just one Audit in accordance with subpart F plus the extent to which the same or equivalent subawards are audited as An important software;
suggests somebody procurement transaction for materials or services, the aggregate quantity of which doesn't exceed the micro-order threshold. Micro-buys comprise a subset of the receiver's or subrecipient's smaller buys making use of casual procurement strategies as set forth in § two hundred.320.
generally means a company or entity organized for the goal of earning a income. The phrase includes but is not limited to:
(one) Fringe Added benefits in the shape of undergraduate and graduate tuition or tuition remission for unique employees are allowable, supplied this sort of Positive aspects are granted in accordance with proven prepared procedures from the IHE and are dispersed to all read more IHE things to do on an equitable foundation. Tuition Positive aspects for close relatives besides the employee are unallowable.