(ii) The receiver or subrecipient have to have penned processes for conducting technical evaluations and producing options.
(1) The expression “immediate loan” implies a disbursement of cash through the Federal Governing administration to the non-Federal borrower less than a contract that needs the repayment of this kind of resources with or without interest. The expression incorporates the purchase of, or participation in, a loan produced by One more lender and funding preparations that defer payment for more than 90 times, including the sale of a Federal Governing administration asset on credit history terms.
means, for uses of § two hundred.330 or when Employed in reference to the acquisition or advancement of actual residence, devices, or materials under a Federal award, the dollar volume that's the product or service of the:
The Federal company's or move-via entity's legal rights of access usually are not restricted to the essential retention period of this part but very last provided that the data are retained. Federal companies or go-by means of entities have to not impose every other entry specifications on recipients and subrecipients.
(nine) The Federal company or pass-by means of entity ought to not involve separate depository accounts for cash delivered to the receiver or subrecipient or create any eligibility requirements for depositories.
A receiver or subrecipient ought to request prior penned acceptance from your Federal company or pass-via entity for the subsequent software and spending plan-similar good reasons:
(a) Contingency provisions are part of a price range estimate of long term expenses (usually of huge development initiatives, IT devices, or other goods authorised with the Federal company) which can be connected with possible occasions or problems arising from results in for which the specific outcome is indeterminable at time of estimate and that happen to be likely to final result, inside the aggregate, in added costs for the approved action or project.
When included in the terms and conditions on the Federal award, the Federal agency might allow the receiver to keep machines, or authorize a go-as a result of entity to allow the subrecipient to keep products, without having further more obligation to the Federal Government unless prohibited by Federal statute or regulation.
(vi) Guidance the distribution of the employee's wage or wages among the certain routines or Expense aims if the employee performs on more than one Federal award; a Federal award and non-Federal award; an oblique Value action and also a immediate cost activity; two or maybe more oblique things to do allotted making use of diverse allocation bases; or an unallowable activity along with a immediate or oblique Value action.
(three) The website procurement is anticipated to exceed the simplified acquisition threshold and specifies a “brand title” products;
There is absolutely no universal rule for classifying particular expenditures as direct or oblique charges. A cost may very well be direct for some specific assistance or operate but oblique for the Federal award or other final Expense aim.
The receiver or subrecipient may perhaps assign fringe Advantages to Charge aims by figuring out particular Advantages to unique particular person personnel or by allocating them based on entity-broad salaries and wages of the workers acquiring the benefits.
(a) The prices end result from fiscal obligations which have been effectively incurred through the receiver or subrecipient before the powerful date of suspension or termination, and never in anticipation of it; and
The Federal agency or go-as a result of entity may well take the recipient's or subrecipient's bonding policy and specifications for building or facility improvement contracts or subcontracts exceeding the simplified acquisition threshold.