(1) The recipient's or subrecipient's procurement procedures or operation fails to adjust to the procurement expectations During this part;
(1) The term “immediate loan” indicates a disbursement of resources via the Federal Federal government to the non-Federal borrower underneath a contract that requires the repayment of these money with or devoid of interest. The term includes the purchase of, or participation in, a loan made by A different lender and funding preparations that defer payment for much more than ninety times, such as the sale of the Federal Authorities asset on credit terms.
indicates a kind of grant or cooperative arrangement pursuant to which the Federal agency or pass-as a result of entity gives a particular level of funding without regard to precise expenditures incurred beneath the Federal award.
(1) With obvious objectives and aims that provide significant final results and become in line with the Federal authorizing legislation of the program;
(a) Recipients and subrecipients are prohibited from obligating or expending loan or grant money to:
The receiver or subrecipient is to blame for identifying and documenting an proper micro-invest in threshold dependant on internal controls, an evaluation of chance, and its documented procurement strategies. The micro-invest in threshold utilized by the recipient or subrecipient should be licensed or not prohibited underneath Point out, community, or tribal laws or restrictions.
(three) The Federal company ought to provide a duplicate of the entire textual content of the overall terms and conditions if a recipient requests it.
means a Federal loan or loan ensure obtained or administered by a recipient or subrecipient, besides as applied On this area's definition of system money.
(2) The Federal Govt may well possibly disallow all oblique expenses or unilaterally set up an indirect Expense price when the receiver fails to post a certified proposal for developing a price. This price must be based mostly on audited historic info or other details furnished towards the cognizant company for indirect expenditures and for which it may be demonstrated that each one unallowable expenses are already excluded.
suggests the level of funds below a Federal award website that the recipient or subrecipient hasn't obligated. The quantity is computed by subtracting the cumulative quantity of the recipient's or subrecipient's unliquidated monetary obligations and expenditures underneath the Federal award from the cumulative level of cash the Federal company or move-through entity authorized the recipient or subrecipient to obligate.
There isn't a universal rule for classifying sure expenditures as immediate or oblique charges. A cost may very well be direct for many specific services or functionality but indirect for that Federal award or other remaining Value aim.
(b) In administering Federal awards which can be issue to a Federal statute prohibiting discrimination dependant on intercourse, the Federal company or go-via entity need to be sure that the award is administered in a way that doesn't unlawfully discriminate based upon sexual orientation or gender identity If your statute's prohibition on sex discrimination encompasses discrimination based upon sexual orientation and gender identification in keeping with the Supreme Courtroom's reasoning in Bostock
The expense of fringe Rewards in the shape of employer contributions or bills for social security; worker life, wellbeing, unemployment, and employee's payment insurance coverage (apart from as indicated in § two hundred.447); pension program prices; and also other similar Positive aspects are allowable, supplied this kind of Added benefits are permitted under proven penned policies.
(one) The costs may very well be documented with a funds or accrual foundation provided that the methodology is disclosed and consistently utilized.