200 loan - An Overview
200 loan - An Overview
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(b) Current negotiated indirect cost rates will stay in position right until they expire. The effective day of alterations to indirect Price tag rates has to be primarily based upon the day a recently re-negotiated charge goes into impact for your recipient's or subrecipient's fiscal 12 months.
(one) The expression “immediate loan” implies a disbursement of cash because of the Federal Federal government into a non-Federal borrower less than a contract that requires the repayment of these resources with or without interest. The time period features the acquisition of, or participation in, a loan produced by A further lender and financing arrangements that defer payment for in excess of ninety times, such as the sale of a Federal Government asset on credit phrases.
A contract is for the objective of obtaining products and solutions for your recipient's or subrecipient's use and produces a procurement partnership having a contractor. Begin to see the definition of agreement
(three) Notwithstanding the encouragement in § 200.307 to receive program earnings, the receiver or subrecipient must not use gear obtained With all the Federal award to offer products and services for any cost that may be a lot less than A personal enterprise would cost for similar solutions Unless of course exclusively authorized by Federal statute.
(2) The costs of central governmental providers distributed from the central assistance cost allocation prepare rather than normally handled as immediate charges.
It's not necessarily usually feasible to specify the categories of expenditures Which may be categorized as oblique expenditures for nonprofit companies a result of the range in their accounting tactics. The Affiliation of a value that has a Federal award will be the analyzing factor in distinguishing direct from indirect charges.
(three) The accounting basis (income or accrual) picked for costing Just about every sort of leave is consistently followed by the receiver or subrecipient or even a specified grouping of workers.
(one) A general public or non-public Firm situated in a country aside from The usa and its 200 loan territories that is certainly subject matter to your guidelines with the nation through which it is found, irrespective of the citizenship of job team or put of performance;
These procurement methods expedite the completion of transactions, minimize administrative burdens, and decrease expenses. Casual procurement methods may very well be utilised when the worth of your procurement transaction under the Federal award isn't going to exceed the simplified acquisition threshold as defined in § two hundred.
(ii) Obtains an update to that information that might be practical to other Federal businesses, the Federal agency is strongly inspired to amend the knowledge while in the system to include the update in the timely way.
Expenses towards the recipient or subrecipient ensuing from economical obligations incurred from the recipient or subrecipient all through a suspension or following the termination of the Federal award are usually not allowable Unless of course the Federal agency or go-through entity expressly authorizes them during the observe of suspension or termination or subsequently. Nevertheless, charges all through suspension or soon after termination are allowable if:
(1) A proposal to ascertain a price allocation plan or an indirect Price price, no matter whether submitted to your Federal cognizant company for oblique costs or managed on file by the receiver, need to be Qualified from the recipient using the Certificate of Price tag Allocation Approach
(iv) Making use of agreements intended to guarantee uninterrupted shipping of expert services; working with agreements meant to ensure Local community Gains; or
(four) The time period “loan warranty commitment” means a binding settlement by a Federal company to generate a loan assurance when specified conditions are fulfilled via the borrower, the lender, or another occasion for the guarantee agreement.