(one) The recipient's or subrecipient's procurement procedures or operation fails to comply with the procurement benchmarks With this element;
(1) The time period “direct loan” suggests a disbursement of money by the Federal Federal government to your non-Federal borrower under a agreement that needs the repayment of such resources with or with no interest. The expression consists of the purchase of, or participation in, a loan made by An additional lender and funding arrangements that defer payment for in excess of ninety days, including the sale of the Federal Authorities asset on credit score conditions.
When conducting procurement transactions less than a Federal award, a Point out or Indian Tribe will have to Keep to the same policies and strategies it utilizes for procurements with non-Federal funds. If such policies and procedures never exist, States and Indian Tribes must Stick to the procurement specifications in §§ 200.
The Federal company's or pass-through entity's rights of entry aren't limited to the necessary retention duration of this section but previous providing the information are retained. Federal organizations or move-through entities have to not impose every other accessibility requirements on recipients and subrecipients.
(2) PRHP costs calculated utilizing an actuarial Expense approach regarded by GAAP are allowable for the supplied fiscal 12 months if they are funded for that 12 months within just six months following the stop of that yr. Expenses funded just after 6 months (or simply a later on interval agreed to because of the cognizant agency for indirect charges) are allowable while in the year funded. The cognizant agency for oblique expenses may perhaps comply with an extension if an ideal adjustment is created to compensate with the timing of the fees for the Federal Governing administration and connected Federal reimbursement plus the recipient's or subrecipient's contributions to your PRHP fund.
The recipient or subrecipient is liable for determining and documenting an appropriate micro-acquire threshold based upon inside controls, an analysis of hazard, and its documented procurement strategies. here The micro-obtain threshold utilized by the receiver or subrecipient needs to be authorized or not prohibited underneath Condition, local, or tribal legislation or regulations.
The Federal agency or go-by way of entity, Inspectors General, the Comptroller Common of America, or any of their approved Reps need to have the best of use of any documents from the receiver or subrecipient pertinent on the Federal award to perform audits, execute website visits, or for any other official use.
(2) Throughout the time that products is utilized to the venture or method for which it absolutely was acquired, the receiver or subrecipient will have to also make the machines obtainable for use on other plans or jobs supported because of the Federal Governing administration, furnished that these kinds of use won't interfere Along with the objective for which it was originally obtained. First preference for other use of the products needs to be given to other programs or projects supported via the Federal agency that financed the gear.
(i) Prices of leaves of absence by staff for functionality of graduate perform or sabbatical study, journey, or investigate are allowable, presented the IHE includes a uniform created coverage on sabbatical depart for individuals engaged in instruction and persons engaged in exploration. These charges must be allocated equitably among the all linked actions of your IHE.
(ii) An insurer or trustee that can retain a believe in fund or reserve for the only real objective of delivering article-retirement Advantages to retirees along with other beneficiaries.
The Federal company might waive any general performance report that is not required to ensure the aims and goals of your Federal award are being reached.
(ii) The go-via entity have to not demand using the de minimis indirect cost charge If your subrecipient has an authorized oblique Expense rate negotiated Along with the Federal Government.
indicates some time interval involving the start and finish date of a Federal award, which may include things like one or more budget durations.
You can find a few ways of implementing program earnings: deduction; addition; and value-sharing. The Federal agency must specify what program earnings technique(s) is going to be Utilized in the stipulations with the Federal award. The deduction system are going to be used if the Federal agency will not specify a method for applying plan earnings. When no plan income method is specified in the Federal award, prior approval is required to make use of the addition or Value sharing strategies.