If the recipient or subrecipient retains title into the residence, it need to pay the Federal agency an volume calculated by multiplying The share of the Federal company's contribution in the direction of the initial obtain (and expenditures of any advancements) by The present good sector price of the house.
Should you have concerns for that Agency that issued The existing doc make sure you Speak to the company straight.
(four) Frequent maintenance processes have to be set up to make sure the residence is in correct Performing issue.
(two) The term “direct loan obligation” suggests a binding agreement by a Federal company to create a immediate loan when specified problems are fulfilled with the borrower.
(one) The recipient or subrecipient has to be paid out beforehand, offered it maintains or demonstrates the willingness to maintain the two prepared procedures that lower some time elapsing concerning the transfer of cash and disbursement through the recipient or subrecipient, and monetary administration units that satisfy the specifications for fund Command and accountability as founded With this aspect. Advance payments to the receiver or subrecipient should be restricted to the bare minimum amounts desired and be timed with actual, rapid funds requirements of your receiver or subrecipient in carrying out the objective of the accredited system or job.
A quick summary of your statutory or regulatory needs of This system and its intended end result. Where by correct, This system description, intent, targets, and efficiency measurement must align While using the strategic objectives and objectives within the Federal agency's functionality plan and should aid the Federal agency's effectiveness measurement, administration, customer practical experience initiatives, and reporting as expected by Element 6 of OMB Circular A-11;
(b) Unless of course expressly approved by Federal statute, the receiver or subrecipient need to not use supplies acquired with the Federal award to supply providers for any charge that is definitely fewer than a private company would charge for equivalent companies.
(a) Title to supplies obtained under the Federal award will vest on acquisition inside the receiver or subrecipient. When There exists a residual inventory of unused provides exceeding $10,000 in aggregate value at the conclusion of the duration of performance, plus the supplies are usually not wanted for every other Federal award, the receiver or subrecipient might keep or promote the unused provides. Unused materials implies materials which can be in new ailment, not possessing been made use of or opened ahead of. The combination price of unused supplies is made of all offer types, not similar to-product supplies.
(two) “Created products and solutions” usually means things and building components composed in full or in part of non-ferrous metals for example aluminum; plastics and polymer-based mostly products and solutions like polyvinyl chloride pipe; aggregates like concrete; glass, such as optical fiber; and lumber.
(4) In case the recipient or subrecipient are unable to meet up with the standards for advance payments along with the Federal agency or 200 loan pass-through entity has determined that reimbursement just isn't possible since the recipient or subrecipient lacks ample Doing work cash, the Federal agency or go-as a result of entity may perhaps deliver income on a working cash advance basis. Underneath this treatment, the Federal agency or go-by way of entity must advance dollars payments on the recipient or subrecipient to deal with its estimated disbursement wants for an First period frequently aligned on the recipient's or subrecipient's disbursing cycle.
Expenditures to your receiver or subrecipient ensuing from economic obligations incurred because of the receiver or subrecipient in the course of a suspension or following the termination of the Federal award aren't allowable Except the Federal agency or pass-by entity expressly authorizes them within the observe of suspension or termination or subsequently. However, fees throughout suspension or after termination are allowable if:
The recipient or subrecipient may assign fringe benefits to Price tag targets by determining certain benefits to specific unique staff members or by allocating them determined by entity-large salaries and wages of the staff getting the advantages.
(v) Payments for unfunded pension prices must be charged in accordance with the allocation principles of the subpart. Particularly, the recipient or subrecipient might not charge unfunded pension charges straight to a Federal award if Those people unfunded pension costs aren't allocable to that award.
indicates fees made by a receiver or subrecipient to some venture or plan for which a Federal award is received.