200 loan - An Overview
200 loan - An Overview
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Program income is deducted from the whole allowable prices, lowering the overall complete number of the Federal award.
Costs incurred or paid out by a Point out or neighborhood govt on behalf of and in immediate advantage to its IHEs are allowable. These fees include but are not restricted to fringe advantage applications like pension fees and Federal Insurance coverage Contributions Act (FICA) expenses.
Initiate a just one-time extension of the period of effectiveness by up to 12 months Unless of course one or more of your problems outlined in paragraphs (g)(2)(i) by way of (iii) of the segment apply. Prior approval will not be expected if a receiver is approved while in the stipulations with the Federal award to initiate a a single-time extension. Nonetheless, the recipient will have to notify the Federal company in writing Using the supporting justification plus a revised duration of efficiency no less than 10 calendar days prior to the summary on the duration of overall performance.
(2) The term “direct loan obligation” implies a binding settlement by a Federal agency to generate a direct loan when specified problems are fulfilled by the borrower.
Particular ailments need special consideration and feasible constraints in deciding allowable staff payment charges below Federal awards. Between this sort of situations are the subsequent:
The reasonableness and allocability of particular fees beneath Federal awards could be tough to decide. To stay away from subsequent disallowance or dispute according to unreasonableness or nonallocability, the recipient may perhaps request the prior published acceptance from the Federal agency (or, for indirect expenses, the cognizant company for oblique fees) ahead of incurring the price.
(2) Costs of speaking with the public and press about distinct pursuits or accomplishments which end result through the functionality on the Federal award (these expenditures are considered important as A part of the outreach work to the Federal award); or
(one) A public or non-public Group situated in a rustic other than The usa and its territories which is subject matter into the legislation of the nation during which it is situated, no matter the citizenship of venture personnel or area of performance;
(six) Pension approach costs could be computed using a shell out-as-you-go method or an actuarial Value strategy identified by GAAP and following the recipient's or subrecipient's set up composed guidelines.
suggests the amount of cash less than a Federal award that the recipient or subrecipient hasn't obligated. The quantity is computed by subtracting the cumulative level of the receiver's or subrecipient's unliquidated money obligations and expenditures underneath the Federal award in the cumulative number of funds the Federal agency or pass-by way of entity licensed the recipient or subrecipient to obligate.
(k) For institutions of bigger education and learning (IHE), voluntary uncommitted Value sharing ought to be addressed in a different way from necessary or voluntary fully commited Expense sharing. Voluntary uncommitted cost sharing shouldn't be A part of the structured research base for computing the oblique Expense level or mirrored in almost any allocation of indirect expenditures.
The prices incurred by a receiver or subrecipient to Get better improper payments, which includes inappropriate overpayments, are allowable as possibly direct or oblique prices, as suitable.
usually indicates a corporation or entity arranged for the goal of earning a earnings. The term consists of but isn't click here limited to:
implies the (complete) expense of the asset including the Price to Completely ready the asset for its meant use. For instance, acquisition Value for machines indicates the net Bill cost of the products, including the price of any modifications, attachments, accessories, or auxiliary equipment essential to ensure it is usable for that function for which it really is acquired.