(two) The phrase “immediate mortgage obligation” means a binding settlement by a Federal agency to create a immediate mortgage when specified conditions are fulfilled by the borrower.
The receiver and subrecipient are accountable for the oversight on the Federal award. The recipient and subrecipient will have to keep track of their actions less than Federal awards to ensure They may be compliant with all prerequisites and Conference effectiveness anticipations.
implies the action a Federal agency or move-via entity requires to discontinue a Federal award, in complete or partly, at any time before the planned finish date with the period of effectiveness. Termination would not involve discontinuing a Federal award as a result of an absence of obtainable resources.
Except wherever normally authorized by statute, expenditures have to satisfy the following requirements to become allowable below Federal awards:
signifies a Federal award for which the start day is contiguous with, or intently follows, the end in the expiring Federal award. The start day of a renewal award commences a new and distinct period of effectiveness.
Recipients and subrecipients that do not have a present-day Federal negotiated oblique cost amount (which includes provisional price) may perhaps elect to charge a de minimis price of up to 15 per cent of modified full immediate prices (MTDC). The recipient or subrecipient is approved to determine the suitable price approximately this limit. Federal businesses and go-by means of entities may well not require recipients and subrecipients to implement a de minimis rate lower compared to negotiated indirect Charge charge or the speed elected pursuant to this subsection unless needed by Federal statute or regulation.
The prior acceptance necessities with the steps described in paragraph (g) of this part are immediately waived for Federal awards that support research Until stipulated in the Federal agency's regulations or conditions and terms of your Federal award.
(1) The only basis for that determination may be the applicant's prior history of efficiency on administering Federal awards or its history of integrity and small business ethics, as described in § 200.
(4) Developing delivery schedules (as an example, the percentage of the order to generally be shipped by a presented date of each and every month) that motivate participation by these enterprise varieties;
When a substantial enhancement that would influence the Federal award happens between overall performance reporting owing dates, 200 cash the receiver or subrecipient will have to notify the Federal agency or go-by entity. Significant developments incorporate gatherings that permit meeting milestones and goals sooner or at considerably less Price tag than predicted or that generate distinctive helpful benefits than initially prepared.
(b) Until expressly approved by Federal statute, the recipient or subrecipient should not use materials obtained While using the Federal award to deliver expert services for a price that is definitely fewer than A personal business would charge for identical services.
usually means the auditor's ideal estimate of full questioned fees, not merely the known questioned charges. Possible questioned fees are formulated by extrapolating from audit proof obtained, by way of example, by projecting recognised questioned expenses recognized in an audit sample to all the inhabitants from which the sample was drawn.
indicates the time interval from the start day of the funded percentage of an award to the end date of that funded portion, throughout which recipients and subrecipients are authorized to incur fiscal obligations of your funds awarded, like any resources carried ahead or other revisions pursuant to § two hundred.308.
(three) Is necessary to the general operation of the recipient or subrecipient and is assignable partly to the Federal award in accordance with these Price tag ideas.