200 loan - An Overview
200 loan - An Overview
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(1) The recipient or subrecipient may possibly make use of a time-and-materials form agreement only following a determination that no other agreement is appropriate and In case the agreement includes a ceiling value the contractor exceeds at its personal risk.
(b) The costs would be allowable In the event the Federal award wasn't suspended or expired normally at the conclusion of the period of efficiency where the termination will take outcome.
(twelve) Council of governments, whether incorporated for a nonprofit Company below Condition law; and
(three) Notwithstanding the encouragement in § two hundred.307 to get paid plan income, the receiver or subrecipient will have to not use equipment obtained Using the Federal award to supply companies for the charge that may be below A personal business would cost for related solutions Until precisely licensed by Federal statute.
(six) Payments for allowable prices ought to not be withheld Anytime during the period of general performance Unless of course essential by Federal statute, rules, or in a single of the subsequent occasions:
means the entity that owns or controls a right away owner of the applicant or that owns or controls one or more entities that Handle an instantaneous operator of the applicant.
The Federal company or go-by means of entity, Inspectors Basic, the Comptroller Typical of America, or any of their licensed Reps need to have the proper of usage of any records on the recipient or subrecipient pertinent towards the Federal award to conduct audits, execute site visits, or for every other official use.
. The notification through the Federal company towards the applicant also needs to provide a brief explanation for the perseverance;
A value is allocable to the Federal award or other cost aim if the cost is assignable to that Federal award or other Price tag objective in accordance with the relative benefits gained. This typical is fulfilled if the cost satisfies any of the subsequent criteria:
(four) Should the recipient or subrecipient are not able to meet up with the factors for advance payments and also the Federal agency or move-by way of entity has established that reimbursement isn't feasible as the recipient or subrecipient lacks ample Doing the job funds, the Federal agency or move-by way of entity may possibly supply hard cash over a Doing work funds advance basis. Under this course of action, the Federal agency or move-as a result of entity must progress hard cash payments to the receiver or subrecipient to protect its estimated disbursement requires for an Preliminary period generally aligned on the recipient's or subrecipient's disbursing cycle.
(ii) The costs are properly supported by authorised Price tag allocation designs in accordance with applicable Federal cost accounting rules; and
(7) Crucial Dates. Crucial dates consist of due dates for publishing programs or Govt Purchase 12372 submissions, in addition to for any letters of intent or preapplications. For virtually any announcement issued ahead of a system's software supplies can be found, crucial dates also consist of the date on which those products might be launched; and any other more facts, as considered relevant with the Federal company.
(1) The Federal agency ought to build and sustain procedures and processes for conducting a threat evaluation To judge the risks posed by applicants just before issuing Federal awards. This evaluation can help identify hazards that could influence the progression towards or maybe the accomplishment of the challenge's targets and objectives. Danger assessments aid Federal professionals in analyzing correct means and time to dedicate to project oversight and keep track of recipient development.
There are a few methods of making use of method income: deduction; addition; and value-sharing. The Federal agency really should specify what system cash flow system(s) will be used in the terms and conditions with the Federal award. The deduction approach will likely be applied In case the Federal agency won't specify a technique for making use of software money. When no plan revenue approach is specified in click here the Federal award, prior approval is necessary to make use of the addition or Price sharing solutions.