Everything about 200 loan
Everything about 200 loan
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(g) The recipient or subrecipient will have to not gain or maintain any revenue ensuing from Federal financial aid Except explicitly approved via the conditions and terms of your Federal award.
The following is a summary of definitions of key phrases frequently used in two CFR part two hundred. Definitions located in Federal statutes or rules that use to distinct courses take priority about the following definitions.
(i) In circumstances of conflict in between the necessities of relevant parts of the aspect and the conditions and terms of your deal, the stipulations of the deal and the Much prevail.
The recipient or subrecipient will have to maintain and use documented techniques for procurement transactions under a Federal award or subaward, together with for acquisition of property or services.
(3) IHEs may possibly give workforce tuition waivers or reductions, offered the gain isn't going to discriminate in favor of really compensated employees.
(ii) Measuring The prices of irregular or mass severance pay out by means of an accrual technique will not likely achieve equity for each events. For that reason, accruals are usually not allowable.
When products acquired below a Federal award is now not wanted for the first job, method, or for other activities now or Beforehand supported by a Federal agency, the recipient or subrecipient ought to ask for disposition Guidance within the Federal company or pass-through entity if required via the conditions and terms in the Federal award.
(a) Title to provides obtained under the Federal award will vest on acquisition inside the receiver or subrecipient. When You will find a residual inventory of unused provides exceeding $ten,000 in mixture price at the conclusion of the period of overall performance, as well as provides are certainly not essential for any other Federal award, the recipient or subrecipient might retain or offer the unused supplies. Unused supplies signifies provides that are in new issue, not having been click here employed or opened right before. The aggregate worth of unused provides contains all source kinds, not the same as-merchandise provides.
Expenses for work done on Federal awards by faculty users obtaining only component-time appointments have to be identified at a rate not much more than that on a regular basis paid out for portion-time assignments.
Genuine assets, devices, and intangible assets obtained or improved Together with the Federal award have to be held in have confidence in with the recipient or subrecipient as trustee for your beneficiaries in the challenge or software beneath which the house was acquired or enhanced.
(a) Where by the Federal Government guarantees or insures the repayment of cash borrowed because of the receiver, the Federal agency may possibly have to have satisfactory bonding and insurance plan If your bonding and insurance plan specifications in the receiver are certainly not deemed enough to shield the desire on the Federal Governing administration.
Some nonprofit organizations, due to their measurement and nature of functions, can be regarded as being much like for-income businesses when it comes to the applicability of Charge concepts. These nonprofit businesses ought to run beneath Federal Expense concepts that use to for-profit companies Positioned at 48 CFR 31.
usually means a corporation or entity arranged for the purpose of earning a earnings. The expression involves but isn't restricted to:
The prices of certain actions usually are not allowable as expenses to Federal awards. Even though these expenses are unallowable, they must be treated as immediate prices for applications of determining oblique Price tag charges and be allotted their equitable share with the receiver's or subrecipient's indirect costs should they characterize activities which: