A Simple Key For 200 loan Unveiled

(three) The recipient or subrecipient may possibly transfer title towards the house to your Federal Government or to an eligible 3rd party supplied the recipient or subrecipient need to be entitled to compensation for its attributable percentage of the present good market worth of the house.

usually means a recipient or subrecipient that gives a subaward into a subrecipient (which include reduced tier subrecipients) to carry out Element of a Federal program. The authority of your go-by entity less than this aspect flows in the subaward arrangement among the go-via entity and subrecipient.

(five) If your recipient or subrecipient is authorized or needed to promote the assets, appropriate profits methods must be in position to be sure the highest feasible return.

The receiver or subrecipient and Federal company or pass-as a result of entity need to take steps to guard the identify of victims of against the law when access to the victim's name is necessary. Only less than remarkable and exceptional instances would these entry include things like an assessment from the legitimate identify of victims of a criminal offense.

(six) Payments for allowable prices should not be withheld at any time in the course of the period of efficiency Unless of course necessary by Federal statute, polices, or in one of the next situations:

(6) Specifying merely a “brand identify” merchandise as opposed to permitting “an equivalent” product or service to be made available and describing the effectiveness or other appropriate prerequisites in the procurement; and

(b) The Federal agency or go-through entity will have to gather financial experiences no fewer than per year. The Federal agency or pass-as a result of entity might not gather money studies much more frequently than quarterly Until a particular ailment continues to be executed in accordance with § two hundred.

the Federal company just isn't needed to reimburse these kinds of prices Should the recipient does not obtain the Federal award or if the Federal award is under expected and inadequate to protect these types of here costs).

The receiver or subrecipient is answerable for the settlement of all contractual and administrative problems arising out of its procurement transactions. These concerns consist of, but are usually not limited to, resource analysis, protests, disputes, and promises. These expectations do not decrease the recipient or subrecipient of any contractual obligations beneath its contracts.

(five) A requirement the subrecipient allow the go-through entity and auditors to entry the subrecipient's records and financial statements for that pass-by entity to fulfill its checking necessities; and

There isn't any common rule for classifying selected expenditures as direct or indirect costs. A cost could be direct for a few specific support or operate but oblique with the Federal award or other last Charge goal.

means an individual procurement transaction for provides or products and services, the aggregate level of which won't exceed the micro-obtain threshold. Micro-purchases comprise a subset of a recipient's or subrecipient's smaller buys applying casual procurement procedures as set forth in § 200.320.

commonly suggests a company or entity organized for the goal of earning a financial gain. The term includes but is not really restricted to:

(three) Minimal in scope to one or more of the subsequent kinds of compliance needs: routines allowed or unallowed; allowable prices/Price tag rules; eligibility; and reporting.