implies a facility licensed as being a healthcare facility underneath the law of any State or maybe a facility operated to be a clinic by America, a Condition, or a subdivision of a State.
(one) The expression “direct loan” means a disbursement of money because of the Federal Govt to the non-Federal borrower beneath a agreement that needs the repayment of these types of money with or without the need of curiosity. The time period includes the acquisition of, or participation in, a loan created by another lender and funding arrangements that defer payment for in excess of ninety days, including the sale of a Federal Governing administration asset on credit rating conditions.
(three) Is necessary to the overall operation in the receiver or subrecipient and is also assignable partly for the Federal award in accordance with these Charge concepts.
(2) The term “direct loan obligation” suggests a binding arrangement by a Federal company to generate a direct loan when specified ailments are fulfilled from the borrower.
(a) Recipients and subrecipients are prohibited from obligating or expending loan or grant funds to:
The reasonableness and allocability of particular expenses under Federal awards may very well be challenging to identify. To stop subsequent disallowance or dispute depending on unreasonableness or nonallocability, the recipient may perhaps request the prior created acceptance of your Federal company (or, for oblique fees, the cognizant agency for oblique expenses) before incurring the fee.
(iv) The recipient or subrecipient may well use competitive proposal methods for skills-centered procurement of architectural/engineering (A/E) Qualified providers whereby the offeror's qualifications are evaluated, and essentially the most skilled offeror is selected, issue to negotiation of good and fair compensation.
When it truly is anticipated the duration of effectiveness will consist of many funds durations, the Federal agency have to indicate that subsequent funds intervals are topic to the availability of cash, program authority, satisfactory overall performance, and compliance With all the terms and conditions with the Federal award.
Identification of no matter whether This system will challenge Federal awards over a discretionary or non-discretionary basis;
means the documentation geared up by a recipient to substantiate its request to determine an indirect cost amount as described in appendices III via VII and appendix IX to this part.
A value is acceptable if it does not exceed an sum that a prudent man or woman would incur underneath the conditions prevailing when the choice was created to incur the cost. In determining the reasonableness of the given Price tag, consideration must be presented to the following:
usually means the auditor's finest estimate of whole questioned costs, not simply the known questioned charges. Probable questioned fees are developed by extrapolating from audit evidence attained, by way of example, by projecting identified questioned expenditures recognized within an audit sample to the entire populace from which the sample was drawn.
(1) The worth on the remaining life of the assets recorded from the recipient's or subrecipient's accounting documents at some time of donation.
The recipient or subrecipient may create a threshold increased compared to micro-buy threshold determined inside the Considerably in accordance with the requirements of this part. The recipient or subrecipient may possibly self-certify a get more info threshold as much as $fifty,000 on an annual basis and ought to keep documentation to become created accessible to the Federal company or pass-as a result of entity and auditors in accordance with § 200.