200 loan - An Overview
200 loan - An Overview
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(a) This portion presents ideas for being used in setting up the allowability of selected products involved with determining Value, Together with other needs of this subpart. These ideas apply if a particular Value item is appropriately treated as being a immediate or oblique Expense.
(2) The procurement is expected to exceed the simplified acquisition threshold and is to generally be awarded without competition, or only one bid is expected to generally be gained in reaction to the solicitation;
The receiver or subrecipient is to blame for identifying an ideal simplified acquisition threshold based upon interior controls, an analysis of chance, and its documented procurement strategies, which can be reduced than, but need to not exceed, the threshold set up during the Considerably.
(3) Notwithstanding the encouragement in § 200.307 to make program revenue, the recipient or subrecipient ought to not use tools acquired Together with the Federal award to provide products and services to get a fee that may be lower than a private corporation would charge for equivalent providers Unless of course precisely licensed by Federal statute.
(i) An accredited indirect Charge level negotiated between the subrecipient as well as the Federal Government. If no approved rate exists, a move-via entity should determine the right charge in collaboration Together with the subrecipient. The indirect Price tag charge could be either:
The reasonableness and allocability of specified charges less than Federal awards could possibly be tough to figure out. To prevent subsequent disallowance or dispute based on unreasonableness or nonallocability, the receiver might search for the prior composed acceptance of your Federal agency (or, for indirect costs, the cognizant agency for indirect charges) ahead of incurring the price.
(one) The only real foundation for your willpower is definitely the applicant's prior record of overall performance on administering Federal awards or its file of integrity and small business ethics, as explained in § two hundred.
(one) The receiver or subrecipient must use devices with the venture or software for which it had been obtained and for as long as necessary, whether the job or application proceeds to generally be supported by the Federal award. The recipient or subrecipient will have to not encumber the machines devoid of prior acceptance of your Federal company or move-by way of entity.
Reports and conclusions from audits executed below subpart F or maybe the experiences and 200 loan conclusions of almost every other available audits, if applicable; and
(iv) Encompass federally-assisted and all other things to do compensated through the receiver or subrecipient on an built-in basis but may perhaps include using subsidiary information as defined from the recipient's or subrecipient's penned coverage;
(b) Be certain that just about every subaward is Evidently determined to your subrecipient as a subaward and involves the knowledge presented under. A pass-via entity must give the top offered data when a few of the data beneath is unavailable.
(a) Just about every Point out will have to expend and account for that Federal award in accordance with Condition regulations and procedures for expending and accounting with the Condition's money. All receiver and subrecipient money management units, which include information documenting compliance with Federal statutes, regulations, and also the conditions and terms on the Federal award, should be ample to permit the planning of reports expected by the conditions and terms; and tracking expenditures to establish that cash have already been Employed in accordance with Federal statutes, rules, and the stipulations of the Federal award. See § two hundred.450.
(one) Provisions for any reserve under a self-coverage software for unemployment compensation or staff' payment are allowable to your extent which the provisions symbolize reasonable estimates with the liabilities for this sort of payment and the types of coverage, the extent of protection, and rates and premiums would've been allowable had insurance plan been bought to deal with the dangers.
The recipient and subrecipient are responsible for the oversight of the Federal award. The recipient and subrecipient will have to observe their functions beneath Federal awards to make sure they are compliant with all necessities and meeting overall performance expectations.