A Secret Weapon For 200 loan
A Secret Weapon For 200 loan
Blog Article
Once the receiver or subrecipient retains title on the assets, it have to pay out the Federal company an amount of money calculated by multiplying the percentage with the Federal agency's contribution to the original order (and expenditures of any improvements) by The existing fair sector worth of the assets.
(a) Bonding prices crop up in the event the Federal agency involves assurance from economic loss to alone or Some others because of an act or default on the recipient or subrecipient.
The recipient or subrecipient is chargeable for deciding an appropriate simplified acquisition threshold dependant on interior controls, an analysis of danger, and its documented procurement treatments, which can be lessen than, but must not exceed, the brink established in the FAR.
means economic obligations incurred by the recipient or subrecipient although not compensated (liquidated) for economic studies organized over a funds basis.
Particular ailments call for Exclusive thought and possible restrictions in deciding allowable staff compensation expenses less than Federal awards. Among the this kind of conditions are the following:
suggests the entity that owns or controls an immediate operator of an applicant or that owns or controls one or more entities that Manage an immediate owner of the applicant.
The mixture level of the procurement transaction doesn't exceed the micro-purchase threshold described in § 200.one. Towards the extent practicable, the receiver or subrecipient need to distribute micro-buys equitably amid certified suppliers.
(1) Costs to Federal awards for salaries and wages has to be based on documents that accurately reflect the do the job done. These information must:
Experiences and results from audits performed below subpart File or perhaps the stories and findings of some other offered audits, if relevant; and
(ii) Where sabbatical go away is included in fringe benefits for which a value is determined for assessment as being a direct demand, the combination amount of these kinds of assessments applicable to all operate with the institution during the base period of time have to be reasonable in relation into the IHE's genuine practical experience beneath its sabbatical leave coverage.
(b) Conform to any limits or exclusions established forth in these principles or within the Federal award concerning kinds or degree of Charge things.
(ii) The go-through entity should not require using the de minimis oblique Price level When the subrecipient has an permitted indirect Price tag fee negotiated Along with the Federal Government.
Title to equipment obtained beneath the Federal award will vest upon acquisition inside the receiver get more info or subrecipient issue into the conditions of the part. This title need to be a conditional title Until a Federal statute exclusively authorizes the Federal agency to vest title during the receiver or subrecipient with out additional obligation into the Federal Govt (along with the Federal agency elects to take action).
(three) Constrained in scope to one or more of the next different types of compliance prerequisites: actions permitted or unallowed; allowable prices/cost concepts; eligibility; and reporting.