200 loan Options
200 loan Options
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(a) This section offers ideas being applied in establishing the allowability of selected objects associated with determining Charge, Besides other prerequisites of the subpart. These principles apply if a certain cost merchandise is properly addressed like a direct or indirect cost.
The receiver's or subrecipient's contracts must consist of the applicable provisions explained in Appendix II of this part.
(four) Normal routine maintenance strategies has to be set up to ensure the residence is in proper Doing work problem.
The Federal agency will have to announce precise funding alternatives for Federal fiscal aid that could be overtly competed. The term openly competed suggests prospects that aren't directed to one or more particularly determined applicants. Into the extent attainable, the Federal agency need to connect possibilities to the general public in plain language to make sure the announcement is available to assorted communities of suitable applicants, which includes underserved communities.
(a) Recipients and subrecipients are prohibited from obligating or expending loan or grant cash to:
implies a questioned Value particularly determined from the auditor. Identified questioned prices undoubtedly are a subset of probable questioned prices.
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signifies an award furnished by a go-as a result of entity into a subrecipient for your subrecipient to lead into the targets and targets of the task by carrying out Section of a Federal award been given via the move-by way of entity.
(ii) Investigation conclusions publicly cited by a Federal company in 200 loan establishing an agency motion which has the power and impact of regulation.
(b) Expenditures or price ranges determined by estimated charges for contracts beneath the Federal award are allowable only on the extent that The prices incurred or Price tag estimates A part of negotiated price ranges would be allowable for the receiver or subrecipient underneath subpart E of the portion.
The Federal agency may inform applicants that they do not want to provide selected info now currently being gathered by way of other suggests.
(i) In several partial payments. The quantity of Every payment in addition to the “milestone” or function triggering the payment, really should be agreed to beforehand and included in the Federal award;
Pension plan prices incurred in accordance with the proven composed policies of your receiver or subrecipient are allowable, supplied that:
Statutory prerequisites may possibly Restrict the allowability of expenditures. Any prices that exceed the most amount of money authorized by statute is probably not billed on the Federal award. Only the quantity allowable by statute may very well be charged towards the Federal award.