Not known Factual Statements About 200 loan
Not known Factual Statements About 200 loan
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(three) The recipient or subrecipient might transfer title to your home for the Federal Authorities or to an suitable third party provided which the receiver or subrecipient should be entitled to payment for its attributable percentage of the current reasonable current market worth of the house.
(1) The expression “immediate loan” suggests a disbursement of resources via the Federal Authorities into a non-Federal borrower beneath a deal that needs the repayment of these types of resources with or without having curiosity. The phrase involves the purchase of, or participation in, a loan created by A different lender and financing arrangements that defer payment for a lot more than ninety days, including the sale of the Federal Governing administration asset on credit score terms.
When conducting procurement transactions beneath a Federal award, a State or Indian Tribe should Keep to the similar insurance policies and procedures it utilizes for procurements with non-Federal money. If such guidelines and procedures will not exist, States and Indian Tribes need to Adhere to the procurement requirements in §§ two hundred.
(3) Notwithstanding the encouragement in § 200.307 to gain application profits, the recipient or subrecipient ought to not use equipment obtained with the Federal award to provide companies for just a price that is under a private firm would cost for equivalent expert services Unless of course specially authorized by Federal statute.
Payments made for fees determined to be unallowable by possibly the awarding Federal agency, cognizant company for oblique prices, or pass-by entity need to be refunded with curiosity to the Federal Government.
usually means the entity that owns or controls an instantaneous owner of an applicant or that owns or controls a number of entities that Regulate an instantaneous owner of the applicant.
(3) The disengagement from the undertaking for a lot more than a few months, or possibly a 25 per cent reduction in effort and time devoted to the Federal award above the course of the duration of functionality, from the accredited project director or principal investigator.
(e) The recipient or subrecipient ought to be sure that all prequalified lists of persons, firms, or products and solutions Utilized in procurement transactions are current and involve sufficient skilled sources to make certain greatest open up Competitors.
(2) The Federal Govt may perhaps both disallow all indirect charges or unilaterally establish an indirect Expense amount if the receiver fails to submit a Qualified proposal for establishing a level. This price must be centered upon audited historic info or other knowledge furnished for the cognizant company for oblique costs and for which it may be demonstrated that every one unallowable expenses have already been excluded.
means the quantity of resources below a Federal award the recipient or subrecipient has not obligated. The amount is computed by subtracting the cumulative amount of the recipient's or subrecipient's unliquidated monetary obligations and expenditures under the Federal award with the cumulative amount of money the Federal agency or pass-by means of entity approved the receiver or subrecipient to obligate.
(four) If a recipient or subrecipient establishes or converts to an actuarial Expense approach and cash PRHP expenses in accordance with this technique, the First unfunded liability attributable to prior years is allowable if amortized about a duration of a long time in accordance with GAAP, or, if no these types of GAAP time period exists, more than a interval negotiated While using the cognizant company for indirect expenses.
(8) A payment need to not be created to the receiver or subrecipient for quantities the receiver or subrecipient withholds from contractors to guarantee satisfactory completion of work.
(ii) The top out there desire-bearing account wouldn't moderately be envisioned to earn interest in excess of $500 per year on Federal money balances;
The Federal company or move-by means of entity could accept 200 loan the recipient's or subrecipient's bonding coverage and specifications for construction or facility advancement contracts or subcontracts exceeding the simplified acquisition threshold.