(two) The term “direct bank loan obligation” signifies a binding settlement by a Federal company to produce a immediate bank loan when specified ailments are fulfilled through the borrower.
means the Federal agency's or pass-via entity's penned determination, provided for the auditee, with the adequacy from the auditee's proposed corrective actions to address the conclusions based on its analysis on the audit conclusions and proposed corrective actions.
(twelve) Council of governments, whether or not integrated for a nonprofit corporation beneath Condition regulation; and
(b) The costs of a fiscal assertion audit of a recipient or subrecipient that does not presently Possess a Federal award could possibly be included in the indirect Expense pool for a cost allocation program or indirect cost proposal.
(one) With clear aims and goals that provide significant benefits and be according to the Federal authorizing laws of the program;
The Federal agency may perhaps only use application data collections accredited by OMB beneath the Paperwork Reduction Act of 1995 and OMB's utilizing laws in five CFR element 1320 As well as in alignment with OMB-authorised, government-vast details features obtainable with the OMB-specified expectations direct.
(two) Make certain that the subrecipient usually takes corrective motion on all significant developments that negatively have an impact on the subaward. Significant developments consist of Solitary Audit results connected to the subaward, other audit conclusions, site visits, and prepared notifications from a subrecipient of adverse circumstances that may impact their power to fulfill the milestones or perhaps the aims of a subaward.
(b) If your Federal company has no additional need to have with the residence, it will have to declare the home excess and report it for disposal click here to the right Federal disposal authority Until the Federal agency has statutory authority to dispose of the property by alternate solutions (
(4) Developing shipping and delivery schedules (as an example, The proportion of an purchase to become sent by a supplied date of each and every month) that encourage participation by these business types;
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When conducting procurement transactions below a Federal award, a Condition or Indian Tribe should follow the exact same guidelines and treatments it uses for procurements with non-Federal funds. If such policies and procedures don't exist, States and Indian Tribes should follow the procurement requirements in §§ two hundred.
Statutory needs may well Restrict the allowability of costs. Any charges that exceed the utmost total authorized by statute will not be charged to the Federal award. Only the quantity allowable by statute may be billed into the Federal award.
You will discover particular conditions wherein the receiver or subrecipient may use a noncompetitive procurement process. The noncompetitive procurement method might only be employed if considered one of the subsequent situation applies:
suggests an entity that gets a Federal award directly from a Federal agency to perform an exercise under a Federal software. The time period receiver would not contain subrecipients or people today which can be members or beneficiaries of your award.