(two) The expression “direct loan obligation” implies a binding settlement by a Federal agency to create a direct loan when specified circumstances are fulfilled through the borrower.
(f) The data for oblique Price tag fee computations or proposals, Expense allocation strategies, and any similar accounting computations of the rate at which a particular team of expenses is chargeable (like computer use chargeback premiums or composite fringe benefit rates) must be retained according to the applicable possibility below:
indicates the created approval attained ahead of time by a certified official of the Federal company or move-as a result of entity of specified charges or programmatic conclusions.
The costs incurred by a receiver or subrecipient to Get well incorrect payments, including incorrect overpayments, are allowable as either immediate or indirect prices, as suitable.
means someone procurement transaction for provides or services, the mixture quantity of which does not exceed the micro-buy threshold. Micro-buys comprise a subset of the recipient's or subrecipient's small buys utilizing informal procurement methods as set forth in § 200.320.
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(e) Volunteer expert services furnished by third-occasion Skilled and technological personnel, consultants, as well as other labor could possibly be counted as Price sharing Should the services is necessary for the program. Fees for third-social gathering volunteer services have to be consistent with People paid out for similar perform with the receiver or subrecipient.
(4) Establishing delivery schedules (such as, The share of the purchase to get delivered by a presented date of each month) that encourage participation by these business forms;
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(e) The records for software profits gained once the duration of efficiency must be retained for 3 decades from the stop on the receiver's or subrecipient's fiscal yr where This system cash flow is attained.
(3) Federal agencies that take into consideration making a Federal award to the receiver in the 5 yr interval will have to consider this information in judging whether or not the recipient is certified to acquire the Federal award if the Federal share in the Federal award is expected to exceed the simplified acquisition threshold over the duration of functionality;
(two) Even though the tools more info is getting used for your initially-authorized intent, the recipient or subrecipient must not eliminate or encumber its title or other interests without the approval of the Federal company or pass-by entity.
When A part of the stipulations from the Federal award, the Federal company could permit the receiver to retain machines, or authorize a move-via entity to allow the subrecipient to retain machines, without having even further obligation for the Federal Government Until prohibited by Federal statute or regulation.