(2) The phrase “immediate financial loan obligation” implies a binding settlement by a Federal agency to generate a immediate financial loan when specified disorders are fulfilled with the borrower.
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When true house is now not wanted with the originally approved function, the recipient or subrecipient will have to receive disposition Recommendations from the Federal agency or go-by entity. The Directions should specify among the subsequent disposition methods:
(b) The prices of a economic statement audit of the recipient or subrecipient that doesn't at the moment have a Federal award could be A part of the oblique Price tag pool for a cost allocation approach or indirect Price proposal.
signifies the level of cash underneath a Federal award that the recipient or subrecipient has not obligated. The quantity is computed by subtracting the cumulative number of the recipient's or subrecipient's unliquidated fiscal obligations and expenses beneath the Federal award within the cumulative amount of resources the Federal agency or pass-via entity licensed the recipient or subrecipient to obligate.
(ii) Obtains an update to that facts that could be useful to other Federal organizations, the Federal agency is strongly inspired to amend the knowledge while in the technique to incorporate the update in the timely way.
(b) Present negotiated indirect Price tag rates will continue to be set up right up until they expire. The successful day of adjustments to indirect Price tag costs needs to be primarily based on the day a recently re-negotiated fee goes into effect for the receiver's or subrecipient's fiscal calendar year.
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(d) The Federal agency or go-by entity should not delay payments to your recipient or subrecipient for costs meeting the requirements of subpart E of this section.
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(2) The procurement is predicted to exceed the simplified acquisition threshold which is to get awarded without having Competitors, or just one bid is anticipated being gained in response into a solicitation;
(three) Federal businesses that think about producing a Federal award for the recipient in the course of the five calendar year period should contemplate this details in judging whether the recipient is experienced to obtain the Federal award if the Federal share on the Federal award is expected to exceed the simplified acquisition threshold over the period of general performance;
(d) The ultimate economic report submitted because of the receiver must be thanks no afterwards than one hundred twenty calendar times following the summary in the duration of general performance. A subrecipient have to submit a closing economic report back to a go-by entity no later than ninety calendar times after the summary of the period of efficiency.
(file) Into the extent in step with set up practices and lawful prerequisites applicable for the receiver or subrecipient, this subpart won't prohibit recipients or subrecipients from acquiring composed procedures for procurement transactions that include a scoring mechanism that benefits bidders that commit to specific figures and types of U.S. Work opportunities, minimum amount compensation, Rewards, on-the-task-instruction get more info for workers producing work solutions or offering companies over a contract, and also other employee protections.