200 loan Fundamentals Explained
200 loan Fundamentals Explained
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When suitable for the procurement or utilization of prevalent or shared goods and products and services, recipients and subrecipients are encouraged to enter into State and local intergovernmental agreements or inter-entity agreements for procurement transactions.
(4) Another entity consisting wholly or partly of a number of overseas governments or foreign governmental entities.
The Federal company will have to use OMB-accredited prevalent info collections (by way of example, Investigate General performance Progress Reviews) when requesting functionality reporting information. The Federal company or pass-by entity may well not acquire efficiency stories extra commonly than quarterly unless a specific problem continues to be applied in accordance with § two hundred.208. To your extent practicable, the Federal company or go-by way of entity should really align the thanks dates of performance stories and economical reports. When reporting plan performance, the receiver or subrecipient will have to relate money info and task or program accomplishments on the functionality ambitions and targets of your Federal award. Also, the recipient or subrecipient must provide Price tag info to display Value-powerful practices (for example, by way of unit Price tag information) when essential through the conditions and terms from the Federal award.
The recipient or subrecipient must manage and use documented treatments for procurement transactions under a Federal award or subaward, including for acquisition of residence or companies.
Certain disorders require Specific consideration and doable restrictions in deciding allowable personnel payment fees underneath Federal awards. Between this sort of disorders are the subsequent:
The receiver or subrecipient is responsible for figuring out and documenting an suitable micro-acquire threshold dependant on internal controls, an analysis of possibility, and its documented procurement procedures. The micro-order threshold employed by the receiver or subrecipient need to be licensed or not prohibited below Point out, area, or tribal laws or polices.
The Federal company or pass-by way of entity, Inspectors Standard, the Comptroller General of The usa, or any in their authorized Reps must have the best of usage of any records on the receiver or subrecipient pertinent to the Federal award to complete audits, execute web page visits, or for every other official use.
signifies an award provided by a move-via entity to a subrecipient with the subrecipient to lead on the objectives and targets with the undertaking by finishing up A part of a Federal award been given from the pass-as a result of entity.
usually means a gaggle of Federal awards either awarded underneath a specific program or group of applications or to a specific form of recipient or group of recipients to which distinct provisions or exceptions could apply.
(b) Fees or charges based upon believed prices for contracts underneath the Federal award are allowable only into the extent that The prices incurred or Charge estimates A part of negotiated charges can be allowable for that recipient or subrecipient below subpart E of this section.
suggests an entity that gets a subaward from the go-through entity to carry out Section of a Federal award. The expression subrecipient won't consist of a beneficiary or participant. A subrecipient might also be a receiver of other Federal awards directly from a Federal company.
(b) In administering Federal awards that are topic to some Federal statute prohibiting discrimination based on intercourse, get more info the Federal company or pass-through entity need to make sure that the award is administered in a way that does not unlawfully discriminate determined by sexual orientation or gender identification if the statute's prohibition on intercourse discrimination encompasses discrimination based upon sexual orientation and gender identification in keeping with the Supreme Court docket's reasoning in Bostock
means Charge sharing especially pledged voluntarily from the proposal's price range on the Section of the receiver or subrecipient, which gets a binding requirement in the Federal award. See § 200.306.
(four) The term “loan promise determination” suggests a binding arrangement by a Federal company to create a loan assurance when specified circumstances are fulfilled with the borrower, the lender, or any other get together for the ensure arrangement.