(b) The prices are correctly supported by authorised Price tag allocation programs in accordance Along with the applicable Expense accounting rules of the aspect; and
(1) The expression “immediate loan” means a disbursement of cash via the Federal Govt to the non-Federal borrower beneath a agreement that requires the repayment of these money with or with out curiosity. The phrase incorporates the acquisition of, or participation in, a loan created by An additional lender and financing arrangements that defer payment for more than 90 times, such as the sale of the Federal Government asset on credit score phrases.
(B) Two or maybe more responsible bidders are actually identified as inclined and in a position to contend proficiently with the organization; and
The receiver or subrecipient must keep and use documented methods for procurement transactions below a Federal award or subaward, together with for acquisition of home or providers.
usually means a grouping of carefully linked systems that share typical compliance prerequisites. The categories of clusters of courses are exploration and advancement (R&D), scholar financial support (SFA), along with other clusters. “Other clusters” are defined by OMB during the compliance complement or selected by a Point out for Federal awards the Condition provides to its subrecipients that satisfy the definition of a cluster of programs.
commonly implies a person taking part in or attending system things to do less than a Federal award, for instance trainings or conferences, but that's not answerable for implementation with the Federal award. Folks committing energy to the event or supply of system actions under a Federal award (which include consultants, job staff, or personnel members of a recipient or subrecipient) aren't contributors.
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. The notification within the Federal company to your applicant must also supply a temporary rationalization for that willpower;
(iii) The depository would need a mean or minimum balance so large that it would not be possible with the anticipated Federal and non-Federal income methods;
usually means the documentation organized by a recipient to substantiate its ask for to establish an oblique Expense price as described in appendices III through VII and appendix IX to this section.
(b) Make sure every subaward is Plainly recognized for the subrecipient like a subaward and involves the knowledge supplied down below. A pass-via entity should offer the very best available information and facts when a number of the information below is unavailable.
Payment for employees engaged in Focus on Federal awards might be acceptable on the extent that it's consistent with that paid for comparable work in other activities of your recipient or subrecipient. In cases the place the sorts of employees demanded for Federal awards are certainly not found in the opposite routines in the receiver or subrecipient, payment will likely be thought of reasonable into the extent that it's similar to that paid for comparable function while in the labor marketplace by which the recipient or subrecipient competes for the sort of staff check here associated.
(4) A company situated in a rustic apart from America not identified as being a international community entity.
signifies prices created by a recipient or subrecipient to a project or method for which a Federal award is acquired.