The 2-Minute Rule for 200 loan
The 2-Minute Rule for 200 loan
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(g) The recipient or subrecipient must not get paid or continue to keep any earnings ensuing from Federal money aid Unless of course explicitly approved because of the stipulations from the Federal award.
Recipients and subrecipients that don't have a current Federal negotiated oblique Value fee (like provisional charge) might elect to cost a de minimis amount of up to fifteen p.c of modified full direct charges (MTDC). The recipient or subrecipient is approved to determine the suitable amount approximately this Restrict. Federal companies and go-by means of entities may not involve recipients and subrecipients to utilize a de minimis amount reduced compared to the negotiated oblique Price tag price or the rate elected pursuant to this subsection unless essential by Federal statute or regulation.
(four) When acquiring substitution equipment, the recipient or subrecipient might both trade-in or provide the equipment and make use of the proceeds to offset the expense of the substitute devices.
(two) The Federal company will have to notify OMB of any authorised deviations. The receiver or subrecipient could notify OMB of any disputes with Federal agencies about the appliance of a federally negotiated oblique Charge amount.
Except as usually furnished by Federal statutes or the Federal agency, real house have to be employed for the at first licensed goal assuming that it is necessary for that purpose. While the assets is getting used for your at first approved intent, the receiver or subrecipient ought to not dispose of or encumber its title or other passions besides as supplied by the Federal agency.
(iii) Amounts funded through the recipient or subrecipient in surplus of your actuarially determined amount of money to get a fiscal calendar year might be utilized as the recipient's or subrecipient's contribution in long run periods.
(iv) The receiver or subrecipient may well use competitive proposal strategies for qualifications-centered procurement of architectural/engineering (A/E) Experienced products and services whereby the offeror's qualifications are evaluated, and probably the most competent offeror is selected, topic to negotiation of fair and reasonable payment.
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(vi) Assist the distribution of the worker's income or wages among the precise functions or Value objectives if the worker operates on more than one Federal award; a Federal award and non-Federal award; an oblique Value activity and a immediate Value action; two or more oblique things to do allocated working with diverse allocation bases; or an unallowable exercise along with a direct or oblique cost action.
(ii) Obtains an update to that details that may be useful to other Federal agencies, the Federal company is strongly encouraged to amend the knowledge within the system to include the update in a very timely way.
(b) Make sure that each and every subaward is Evidently discovered into the subrecipient to be a subaward and features the knowledge delivered beneath. A pass-through entity must deliver the most beneficial available details when a number of the information under is unavailable.
The costs incurred by a recipient or subrecipient to recover poor payments, such as incorrect overpayments, are allowable as both direct or indirect charges, as correct.
When requesting acceptance for funds revisions, the receiver or subrecipient have to use a similar structure for spending budget information and facts that was applied in their application, other than When the Federal agency has authorized an alternate structure.
Official procurement techniques are essential when the worth of the procurement transaction underneath a Federal award exceeds the simplified acquisition threshold on the receiver or subrecipient. Official procurement techniques are competitive and call for general public notice.