200 loan - An Overview
200 loan - An Overview
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When the recipient or subrecipient retains title to the assets, it should pay out the Federal company an amount of money calculated by multiplying the percentage on the Federal company's contribution towards the first acquire (and charges of any advancements) by the current reasonable current market value of the home.
When a receiver or subrecipient sells the assets, it have to pay back the Federal company an amount calculated by multiplying The proportion on the Federal agency's contribution to the original purchase (and value of any improvements) by the proceeds with the sale following deducting any true and realistic expenses paid out to promote or deal with up the home available for sale.
(5) Payments for unfunded PRHP prices must be charged in accordance Along with the allocation principles of the subpart. Particularly, the receiver or subrecipient might not cost unfunded PRHP prices straight to a Federal award if All those unfunded PRHP expenses usually are not allocable to that award.
(2) The phrase “direct loan obligation” means a binding arrangement by a Federal agency to make a direct loan when specified conditions are fulfilled by the borrower.
(two) PRHP charges calculated making use of an actuarial cost approach recognized by GAAP are allowable for just a provided fiscal 12 months If they're funded for that calendar year within six months following the finish of that year. Fees funded after six months (or even a afterwards period agreed to with the cognizant company for indirect costs) are allowable within the calendar year funded. The cognizant agency for oblique costs may possibly conform to an extension if an ideal adjustment is built to compensate to the timing of the fees for the Federal Govt and related Federal reimbursement along with the recipient's or subrecipient's contributions on the PRHP fund.
(one) Learns that any of that info is faulty, the Federal agency have to suitable the knowledge from the process within 3 enterprise days; and
means the Federal agency selected to carry out the responsibilities described in § two hundred.513(a). The cognizant company for audit is just not necessarily the same as the cognizant agency for oblique expenditures.
(a) Title to materials acquired beneath the Federal award will vest on acquisition while in the recipient or subrecipient. When You will find a residual inventory of unused provides exceeding $ten,000 in mixture price at the conclusion of the period of overall performance, and the provides aren't desired here for some other Federal award, the receiver or subrecipient could keep or sell the unused materials. Unused supplies indicates provides which are in new ailment, not possessing been used or opened in advance of. The combination worth of unused provides is made of all source varieties, not just like-product supplies.
implies a Federal award for which the beginning date is contiguous with, or closely follows, the end from the expiring Federal award. The start day of the renewal award starts a whole new and unique duration of functionality.
that is covered by a disclosure exemption below the Freedom of data Act (FOIA). In the event the receiver asserts within just seven calendar days to the Federal company which posted the knowledge that a disclosure exemption beneath FOIA handles a number of the knowledge created publicly accessible, the Federal company that posted the data have to take away the putting up within 7 calendar days of receiving the assertion.
Estimates dependant on preceding 12 months funding are suitable if present appropriations are usually not offered at the time in the submission;
The Federal agency ought to not allow a transfer of money that will trigger any Federal appropriation for use for reasons other than Individuals per the appropriation.
When realistic, the recipient or subrecipient is encouraged to utilize price engineering clauses in contracts for development tasks of ample size to offer reasonable options for Expense reductions.
Administrative and clerical personnel salaries ought to Ordinarily be handled as oblique charges. Immediate charging of these charges can be ideal only whenever they meet up with all of the subsequent ailments: