200 loan - An Overview
200 loan - An Overview
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In the event the receiver or subrecipient retains title into the property, it should spend the Federal agency an sum calculated by multiplying the percentage from the Federal company's contribution in the direction of the original purchase (and charges of any improvements) by The present truthful industry price of the assets.
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(4) When acquiring substitute products, the recipient or subrecipient may well possibly trade-in or provide the machines and use the proceeds to offset the expense of the substitution gear.
(2) The Federal company will have to notify OMB of any authorized deviations. The recipient or subrecipient may perhaps notify OMB of any disputes with Federal businesses concerning the appliance of a federally negotiated indirect Charge rate.
(one) The recipient or subrecipient needs to be paid in advance, offered it maintains or demonstrates the willingness to keep up the two created techniques that lower time elapsing in between the transfer of money and disbursement with the recipient or subrecipient, and monetary administration systems that meet up with the standards for fund Command and accountability as proven Within this element. Advance payments into a receiver or subrecipient needs to be restricted to the bare minimum quantities wanted and be timed with precise, fast funds demands from the recipient or subrecipient in finishing up the objective of the authorized method or task.
(five) Implements a software for any community objective specified in authorizing statute, instead of providing merchandise or services for the good thing about the pass-through entity.
The Federal agency or pass-through entity ought to assessment the ask for for funds or system prepare revision and should notify the receiver or subrecipient whether or not the revisions happen to be approved in 30 days of receipt of your request.
(e) The recipient or subrecipient ought to be certain click here that all prequalified lists of persons, corporations, or products and solutions Utilized in procurement transactions are recent and incorporate enough experienced sources to ensure most open Levels of competition.
usually means a bunch of Federal awards both awarded under a particular application or group of packages or to a particular style of receiver or team of recipients to which specific provisions or exceptions may use.
(3) The procurement is predicted to exceed the simplified acquisition threshold and specifies a “brand name” products;
A value is fair if it does not exceed an sum that a prudent particular person would incur underneath the instances prevailing when the choice was designed to incur the fee. In deciding the reasonableness of the offered Price, thought must be supplied to the next:
(i) In numerous partial payments. The level of each payment along with the “milestone” or occasion triggering the payment, needs to be agreed to upfront and included in the Federal award;
The Federal company may well only use software data collections permitted by OMB beneath the Paperwork Reduction Act of 1995 and OMB's applying rules in 5 CFR component 1320 and in alignment with OMB-authorized, governing administration-large details features readily available with the OMB-specified specifications guide.
(d) The final economic report submitted through the recipient must be thanks no afterwards than one hundred twenty calendar days after the summary on the period of overall performance. A subrecipient have to submit a final economical report back to a pass-through entity no afterwards than 90 calendar days following the conclusion from the duration of general performance.