A Simple Key For 200 loan Unveiled

A Simple Key For 200 loan Unveiled

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(a) Title to intangible assets acquired beneath a Federal award vests upon acquisition in the recipient or subrecipient. The recipient or subrecipient should use that intangible assets to the initially authorized reason and have to not encumber the house with no approval from the Federal company or pass-as a result of entity.

The recipient's or subrecipient's contracts need to comprise the relevant provisions explained in Appendix II of this element.

When conducting procurement transactions under a Federal award, a Point out or Indian Tribe need to Adhere to the same procedures and methods it makes use of for procurements with non-Federal funds. If these insurance policies and techniques tend not to exist, States and Indian Tribes will have to Keep to the procurement requirements in §§ two hundred.

means a payment that a Federal agency or pass-by means of entity helps make by any correct payment mechanism and payment method before the receiver or subrecipient disburses the money for application functions.

(a) Recipients and subrecipients are prohibited from obligating or expending loan or grant cash to:

(six) Specifying just a “manufacturer name” product or service instead of permitting “an equivalent” merchandise being provided and describing the general performance or other applicable demands with the procurement; and

(three) The disengagement from the task for over a few months, or perhaps a twenty more info five per cent reduction in effort and time dedicated to the Federal award around the class with the duration of performance, by the authorised task director or principal investigator.

The Federal agency may well modify the risk assessment at any time over the duration of functionality, which can justify variations on the conditions and terms from the Federal award. See § two hundred.208.

(2) The Federal Government might possibly disallow all oblique expenses or unilaterally create an indirect Price price in the event the receiver fails to submit a Qualified proposal for developing a charge. This rate really should be dependent upon audited historic info or other data furnished on the cognizant agency for oblique fees and for which it could be shown that all unallowable costs are actually excluded.

(ii) An insurer or trustee which will preserve a have confidence in fund or reserve for the only real function of providing write-up-retirement Gains to retirees and also other beneficiaries.

(ii) The costs are properly supported by authorised Value allocation ideas in accordance with relevant Federal cost accounting principles; and

The receiver or subrecipient is inspired to gain profits to defray plan prices when ideal. Program income has to be utilized for the original goal of your Federal award. System money gained in the period of performance may possibly only be employed for expenditures incurred through the period of performance or allowable closeout expenditures.

(v) Payments for unfunded pension expenses have to be billed in accordance While using the allocation rules of this subpart. Exclusively, the receiver or subrecipient might not cost unfunded pension expenditures straight to a Federal award if those unfunded pension costs are usually not allocable to that award.

(three) Constrained in scope to one or more of the subsequent different types of compliance necessities: actions permitted or unallowed; allowable fees/Price principles; eligibility; and reporting.