(g) The recipient or subrecipient must not earn or hold any earnings resulting from Federal fiscal aid Until explicitly licensed by the stipulations from the Federal award.
When an important development which could impact the Federal award takes place between general performance reporting because of dates, the recipient or subrecipient need to notify the Federal company or pass-by entity. Substantial developments consist of gatherings that enable Conference milestones and goals faster or at fewer Price tag than anticipated or that produce different beneficial benefits than initially prepared.
(two) Through the Federal company or pass-by means of entity While using the consent on the recipient or subrecipient, during which scenario the two parties need to agree on the termination circumstances. These circumstances incorporate the effective day and, in the case of partial termination, the portion for being terminated;
(two) The time period “direct loan obligation” implies a binding agreement by a Federal agency for making a direct loan when specified ailments are fulfilled from the borrower.
(e) The amount or proportion of unallowable prices included in on a yearly basis's charge will probably be assumed to be the same as the quantity or proportion of unallowable prices A part of the base calendar year proposal used to establish the speed.
Proceeds from the sale of authentic home, gear, or supplies. The proceeds needs to be dealt with in accordance with the necessities of the Property Criteria of §§ two hundred.
implies an entity that receives a Federal award straight from a Federal company to carry out an action underneath a Federal method. The phrase receiver would not include subrecipients or people today that are members or beneficiaries in the award.
(e) The recipient or subrecipient should make sure that all prequalified lists of persons, website corporations, or products used in procurement transactions are present and consist of enough skilled sources to be certain utmost open Level of competition.
The expense of fringe Positive aspects in the form of standard compensation paid to staff throughout durations of licensed absences with the position, for example for annual leave, loved ones-connected leave, Ill leave, holiday seasons, court docket depart, navy leave, administrative go away, and other similar Gains, are allowable if all of the subsequent criteria are achieved:
(ii) Obtains an update to that info that might be beneficial to other Federal companies, the Federal agency is strongly encouraged to amend the knowledge while in the technique to incorporate the update inside a timely way.
A price is acceptable if it does not exceed an amount that a prudent human being would incur beneath the situation prevailing when the choice was manufactured to incur the expense. In identifying the reasonableness of a provided Charge, thought needs to be supplied to the subsequent:
Some nonprofit businesses, thanks to their size and nature of operations, is usually regarded as comparable to for-profit organizations with regards to the applicability of Value rules. These nonprofit companies have to operate below Federal Expense ideas that implement to for-financial gain businesses Positioned at 48 CFR 31.
The combination dollar number of the procurement transaction is better compared to micro-order threshold but doesn't exceed the simplified acquisition threshold. If simplified acquisition treatments are used, value or charge quotations should be acquired from an enough range of certified sources.
(four) The term “loan promise determination” implies a binding agreement by a Federal agency to help make a loan assure when specified ailments are fulfilled by the borrower, the lender, or some other bash to your promise settlement.