The 2-Minute Rule for 200 loan
The 2-Minute Rule for 200 loan
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means a facility licensed like a healthcare facility beneath the regulation of any State or possibly a facility operated being a clinic by the United States, a Condition, or simply a subdivision of a Condition.
An entity may possibly concurrently acquire Federal awards as being a recipient, a subrecipient, as well as a contractor. The go-via entity is answerable for building case-by-case determinations to ascertain whether the entity getting Federal cash is actually a subrecipient or a contractor. The Federal company may perhaps require the go-by way of entity to adjust to supplemental steering to help make these determinations, supplied these types of direction doesn't conflict with this area. The Federal company does not have a immediate legal partnership with subrecipients or contractors of any tier; even so, the Federal company is accountable for monitoring the go-through entity's oversight of first-tier subrecipients.
The Federal agency will have to use OMB-accredited prevalent information and facts collections (by way of example, Research Efficiency Progress Stories) when requesting overall performance reporting details. The Federal company or go-via entity may not acquire effectiveness studies far more frequently than quarterly Until a selected ailment continues to be carried out in accordance with § 200.208. On the extent practicable, the Federal company or pass-through entity ought to align the owing dates of efficiency experiences and monetary experiences. When reporting method performance, the receiver or subrecipient must relate economical knowledge and task or application achievements on the general performance aims and goals with the Federal award. Also, the recipient or subrecipient ought to present Price information and facts to reveal Expense-efficient methods (for example, through device Price tag knowledge) when essential through the conditions and terms from the Federal award.
Other than where by otherwise licensed by statute, fees need to satisfy the following requirements being allowable less than Federal awards:
(b) Disallow charges for all or A part of the action connected to the noncompliance of the recipient or subrecipient.
(ii) Measuring the costs of irregular or mass severance spend by the use of an accrual process will never achieve fairness for equally functions. Therefore, accruals usually are not allowable.
(two) Is distinguished from the cooperative arrangement in that it does not deliver for considerable involvement of the Federal company in finishing up the activity contemplated by the Federal award.
as established forth in appendices III through VII, and IX of the aspect. The certificate must be signed on behalf in the receiver by an individual in a amount no lower than the vice president or Main financial officer from the receiver that submits the proposal.
Identification of whether or not This system will difficulty Federal awards with a discretionary or non-discretionary foundation;
You will find precise conditions where the receiver or subrecipient might use a noncompetitive procurement system. The noncompetitive procurement method may possibly only be used if considered one of the subsequent circumstances applies:
(1) Severance spend, also typically called dismissal wages, is a payment Along with normal salaries and wages, by recipients and subrecipients to workers whose employment is being terminated. Severance fork out is allowable only into the extent that, in each case, it is needed by:
(g) Donated home from third parties may perhaps consist of objects like tools, Business office materials, laboratory supplies, or workshop and classroom materials. The assessed value of donated residence incorporated as Value sharing ought to not exceed the residence's good current market benefit at the time with the donation.
When requesting acceptance for budget revisions, the recipient or subrecipient must use the exact same structure for funds info that was utilized in their application, other than When the Federal agency has accredited an alternative format.
(1) Expenditures unallowable under other sections of those concepts should not be allowable underneath this area click here entirely simply because they represent staff payment.