When suitable for the procurement or utilization of prevalent or shared goods and services, recipients and subrecipients are inspired to enter into Point out and native intergovernmental agreements or inter-entity agreements for procurement transactions.
The next is a summary of definitions of important terms routinely Employed in 2 CFR aspect 200. Definitions located in Federal statutes or laws that apply to specific plans consider priority above the next definitions.
(3) Dividing procurement transactions into different procurements to allow highest participation by these business kinds;
(2) The phrase “immediate loan obligation” suggests a binding arrangement by a Federal company to make a direct loan when specified problems are fulfilled by the borrower.
Regardless of whether products is acquired partially or its entirety underneath the Federal award, the recipient or subrecipient will have to regulate equipment (such as substitution machines) employing strategies that satisfy the following demands:
(ii) The receiver or subrecipient is delinquent inside a personal debt to The us as outlined in OMB Round A-129, “Procedures for Federal Credit history Applications and Non-Tax Receivables.” Below these kinds of circumstances, the Federal company or go-as a result of entity may possibly, after furnishing acceptable detect, withhold payments to your recipient or subrecipient for money obligations incurred after a specified date until eventually the disorders are corrected or the debt is repaid to your Federal Governing administration.
(2) Insurance plan fees around the lives of trustees, officers, or other staff holding positions of comparable accountability are allowable only to your extent that the insurance plan represents additional payment.
(a) Title to materials obtained underneath the Federal award will vest upon acquisition inside the receiver or subrecipient. When there is a residual stock of unused supplies exceeding $ten,000 in aggregate worth at the conclusion of the period of overall performance, as well as the provides aren't desired for some other Federal award, the receiver or subrecipient could keep or sell the unused materials. Unused supplies suggests supplies that are in new affliction, not obtaining been used or opened in advance of. The aggregate value of unused provides consists of all supply forms, not just like-item provides.
A convention usually means an function whose Major intent will be to disseminate specialized information and facts over and above the receiver or subrecipient and is important and affordable for profitable performance under the Federal award. Allowable conference fees may perhaps consist of the rental of facilities, speakers' service fees, attendance expenses, prices of foods and refreshments, local transportation, along with other merchandise incidental to these conferences Except further limited because of the stipulations of your Federal award.
(b) Charges or charges depending on estimated charges for contracts underneath the Federal award are allowable only for the extent that the costs incurred or Price estimates A part of negotiated price ranges would be allowable to the recipient or subrecipient underneath subpart E of the component.
The Federal agency may possibly waive any efficiency report that's not necessary to ensure the objectives and aims in the Federal award are being obtained.
The recipient or subrecipient will have to, at a least, give the equal insurance coverage coverage for true property and tools obtained or improved with Federal resources as presented to assets and gear owned because of the recipient or subrecipient.
(one) The Federal agency need to build and sustain policies and procedures for conducting a chance assessment to evaluate the pitfalls posed by applicants before issuing Federal awards. This evaluation allows establish dangers which could have an affect on the advancement toward or the accomplishment of a undertaking's aims and aims. Hazard assessments guide Federal managers in figuring out suitable assets and time to dedicate to task oversight and watch receiver progress.
When serious home is no more required for that at first licensed intent, the receiver or subrecipient must get disposition Guidance in the Federal agency or move-as a result of entity. The Directions will have to specify one among website the subsequent disposition approaches: