A subaward is for the objective of carrying out a part of the Federal award and makes a Federal fiscal assistance romance with a subrecipient. See the definition of Subaward

(1) The expression “direct loan” signifies a disbursement of cash by the Federal Government to the non-Federal borrower below a agreement that requires the repayment of this kind of money with or without the need of desire. The time period consists of the acquisition of, or participation in, a loan produced by A different lender and financing arrangements that defer payment for a lot more than 90 times, such as the sale of the Federal Authorities asset on credit terms.

If licensed by Federal regulations or the Federal award, fees incidental to creating software income may very well be deducted from gross income to find out plan revenue, presented these charges haven't been billed to your Federal award.

(two) A physical inventory with the property have to be executed, and the outcomes must be reconciled While using the residence records at least after each two several years.

indicates the process by which the Federal agency or pass-through entity establishes that each one applicable administrative actions and all necessary perform from the Federal award have been accomplished and normally takes actions as explained in § 200.344.

A quick summary of the statutory or regulatory prerequisites of the program and its intended result. Exactly where correct, the program description, purpose, ambitions, and performance measurement should really align Using the strategic plans and goals in the Federal company's efficiency prepare and may assist the Federal agency's overall performance measurement, management, purchaser expertise initiatives, and reporting as required by Part 6 of OMB Round A-11;

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Any Federal funds compensated towards the recipient or subrecipient in excess of the amount the recipient or subrecipient is set to become entitled to underneath the Federal award represent a personal debt for the Federal Federal government.

implies a Federal award for which the beginning date is contiguous with, or closely follows, the end on the expiring Federal award. The start date of the renewal award begins a completely new and distinctive period of effectiveness.

(4) When the recipient or subrecipient can't meet the factors for advance payments as well as the Federal company or go-through entity has identified that reimbursement just isn't feasible as the receiver or subrecipient lacks ample Doing the job capital, the Federal agency or move-by way of entity may deliver dollars with a Doing work capital advance foundation. Underneath this course of action, the Federal agency or pass-as a result of entity ought to progress cash payments to your recipient or subrecipient to protect its believed disbursement desires for an initial time period usually aligned to the receiver's or subrecipient's disbursing cycle.

Estimates determined by preceding yr funding are suitable if present appropriations are usually not obtainable at enough time on the submission;

for recipients and subrecipients indicates processes intended and applied by recipients and subrecipients to supply affordable assurance regarding the achievement of targets in the next categories:

(v) Payments for unfunded pension prices has to be charged in accordance Together with the allocation rules of this subpart. Particularly, the receiver or subrecipient may well not cost unfunded pension expenditures straight to a Federal award check here if Individuals unfunded pension prices are certainly not allocable to that award.

The Federal company ought to make all funding possibilities available for application for at least 60 calendar times. However, the Federal company could modify The provision period of a possibility as wanted. By way of example, extending the interval could be needed to present specialized guidance to an applicant pool which was not predicted once the announcement was designed or has much less experience with applying for Federal economical help.