A Simple Key For 200 loan Unveiled
A Simple Key For 200 loan Unveiled
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(a) This segment supplies principles to become applied in developing the allowability of sure things involved in figuring out Expense, in addition to other needs of this subpart. These concepts use whether or not a particular Charge item is appropriately treated being a immediate or oblique Price tag.
The subsequent is an index of definitions of crucial terms commonly used in two CFR component two hundred. Definitions located in Federal statutes or restrictions that use to particular applications get priority in excess of the following definitions.
(one) The recipient or subrecipient will have to post general performance stories as essential with the Federal award. Intervals have to be no much less frequent than annually nor additional Repeated than quarterly besides if particular disorders are utilized (See § 200.208). Experiences submitted each year by the recipient or subrecipient should be owing no afterwards than ninety calendar days after the reporting interval. Stories submitted quarterly or semiannually have to be thanks no later on than thirty calendar days after the reporting interval. Alternatively, the Federal agency or go-by way of entity might call for annual stories before the anniversary dates of numerous-12 months Federal awards.
(d) The recipient or subrecipient needs to have published methods for procurement transactions. These techniques should make sure all solicitations:
Besides as normally furnished by Federal statutes or the Federal agency, actual assets has to be employed for the initially approved intent providing it is necessary for that purpose. When the assets is getting used for the originally authorized objective, the recipient or subrecipient ought to not eliminate or encumber its title or other passions other than as furnished by the Federal agency.
means the documentation figuring out, accumulating, and allocating or establishing billing prices dependant on the allowable charges of expert services provided by a State, neighborhood federal government, or Indian Tribe to its departments and companies over a centralized basis. The prices of such services might be allocated or billed to users.
signifies an entity that receives a Federal award straight from a Federal company to carry out an action beneath a Federal software. The term receiver isn't going to incorporate subrecipients or folks which might be participants or beneficiaries of your award.
(e) If the Charge represents a deviation in the receiver's or subrecipient's recognized published procedures and processes for incurring expenses.
(vi) Assist the distribution of the worker's wage or wages amongst specific actions or Value objectives if the worker is effective on multiple Federal award; a Federal award and non-Federal award; an oblique Value activity and also a immediate Charge action; two or more website indirect activities allotted working with different allocation bases; or an unallowable activity and a immediate or indirect Price activity.
The subsequent usually are not regarded method profits Until specified in Federal statutes, restrictions, or perhaps the stipulations in the Federal award:
(b) Conform to any restrictions or exclusions set forth in these rules or during the Federal award as to kinds or volume of Expense goods.
The Federal company ought to not permit a transfer of resources that could bring about any Federal appropriation for use for uses besides Individuals in line with the appropriation.
(a) All procurement transactions under the Federal award must be done within a manner that gives whole and open Competitiveness and it is in step with the requirements of the portion and § 200.320.
Direct costs are Those people charges which can be identified especially with a specific last Price tag goal, such as a Federal award, or other internally or externally funded action, or that can be instantly assigned to these kinds of activities comparatively easily by using a higher diploma of precision.