200 loan Fundamentals Explained
200 loan Fundamentals Explained
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(three) Each and every Federal company that considers producing a Federal award for the applicant during that 5-12 months interval will consider that information and facts in identifying the applicant's qualification to get a Federal award when the whole Federal share of the Federal award is expected to exceed the simplified acquisition threshold over the period of functionality;
The following is an index of definitions of crucial conditions regularly Employed in two CFR section two hundred. Definitions found in Federal statutes or regulations that utilize to unique systems acquire precedence in excess of the following definitions.
(3) Dividing procurement transactions into independent procurements to permit optimum participation by these enterprise forms;
(i) Whenever a recipient or subrecipient takes advantage of the hard cash basis of accounting, the cost of depart is recognized from the period of time which the depart is taken and paid for.
(3) IHEs may possibly supply workforce tuition waivers or reductions, supplied which the reward will not discriminate in favor of remarkably compensated employees.
indicates the documentation figuring out, accumulating, and allocating or developing billing premiums depending on the allowable expenses of providers furnished by a Point out, community government, or Indian Tribe to its departments and agencies on a centralized basis. The prices of these providers can be allocated or billed to click here buyers.
There aren't any requirements governing the disposition of plan profits earned after the close from the period of functionality with the Federal award Except stipulated while in the Federal agency rules or even the terms and conditions in the Federal award.
implies a Federal loan or loan assure gained or administered by a receiver or subrecipient, except as utilised in this segment's definition of plan profits.
(five) A proposed agreement modification modifications the scope of the agreement or enhances the agreement amount by more than the simplified acquisition threshold.
means the penned acceptance obtained beforehand by a licensed Formal of a Federal agency or move-via entity of specific charges or programmatic decisions.
The Federal company might advise applicants that they don't need to have to supply certain data currently remaining gathered through other signifies.
usually means the auditor's most effective estimate of full questioned expenditures, not only the recognised questioned costs. Possible questioned charges are developed by extrapolating from audit proof attained, by way of example, by projecting acknowledged questioned expenditures recognized within an audit sample to the entire populace from which the sample was drawn.
indicates Price tag sharing especially pledged voluntarily in the proposal's funds on the Section of the receiver or subrecipient, which will become a binding necessity with the Federal award. See § two hundred.306.
Administrative and clerical team salaries ought to Ordinarily be taken care of as indirect fees. Direct charging of these expenses could be correct only should they satisfy all of the following situations: