The 2-Minute Rule for 200 loan
The 2-Minute Rule for 200 loan
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(b) The costs are correctly supported by permitted Charge allocation strategies in accordance While using the applicable Expense accounting principles of the part; and
Charges incurred or paid out by a State or neighborhood govt on behalf of As well as in immediate gain to its IHEs are allowable. These expenses include but aren't restricted to fringe gain systems like pension expenses and Federal Insurance coverage Contributions Act (FICA) expenditures.
(four) When obtaining substitute products, the recipient or subrecipient may well possibly trade-in or sell the products and use the proceeds to offset the cost of the substitute equipment.
(two) The Federal company should notify OMB of any accepted deviations. The recipient or subrecipient may possibly notify OMB of any disputes with Federal agencies concerning the applying of a federally negotiated oblique Value fee.
(one) Is used to enter into a relationship, the principal reason of and that is to transfer anything at all of benefit to execute a community objective authorized by a regulation of The us (see 31 U.
(5) Implements a program for a public intent laid out in authorizing statute, versus here offering items or services for the advantage of the move-as a result of entity.
(b) The Federal company or go-through entity will have to accumulate fiscal experiences no below each year. The Federal company or go-via entity may well not acquire financial reports a lot more frequently than quarterly Until a particular affliction has become executed in accordance with § 200.
(e) Whether the Charge signifies a deviation in the recipient's or subrecipient's set up created guidelines and strategies for incurring fees.
(ii) Exploration results publicly cited by a Federal agency in creating an company motion that has the pressure and impact of law.
(i) The receiver or subrecipient has did not adjust to the terms and conditions of the Federal award; or
means an entity that receives a subaward from the pass-by way of entity to perform part of a Federal award. The time period subrecipient does not include things like a beneficiary or participant. A subrecipient could also be described as a recipient of other Federal awards straight from a Federal agency.
(1) A proposal to establish a price allocation program or an indirect Value rate, no matter if submitted to your Federal cognizant agency for indirect costs or maintained on file from the receiver, needs to be Qualified via the receiver utilizing the Certification of Charge Allocation System
When useful, the recipient or subrecipient is encouraged to utilize worth engineering clauses in contracts for building tasks of sufficient size to supply realistic prospects for Value reductions.
(two) The allowability of these costs for that IHE would not rely upon whether they are recorded in the accounting data from the IHE.