(2) The time period “direct financial loan obligation” indicates a binding agreement by a Federal agency to help make a direct financial loan when specified ailments are fulfilled by the borrower.
A agreement is for the goal of getting products and products and services for that recipient's or subrecipient's use and generates a procurement connection by using a contractor. See the definition of agreement
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(a) Title to intangible residence acquired beneath a Federal award vests upon acquisition in the receiver or subrecipient. The recipient or subrecipient need to use that intangible property with the initially licensed intent and ought to not encumber the assets without the acceptance of your Federal agency or pass-by entity.
means an entity in which over fifty percent on the entity is owned or managed right by a mum or dad Company or through another subsidiary of a father or mother Company.
The recipient or subrecipient have to maintain data enough to depth the historical past of each and every procurement transaction. These data will have to include things like the rationale for your procurement method, deal sort collection, contractor selection or rejection, and the basis with the agreement rate.
(1) Costs unallowable underneath other sections of such rules will have to not be allowable underneath this segment entirely given that they constitute staff payment.
(b) If your Federal company has no even more have to have for the home, it have to declare the house surplus and report it for disposal to the suitable Federal disposal authority unless the Federal company has statutory authority to eliminate the property by option techniques (
(two) Prolong or renew a deal to obtain or obtain included telecommunications devices or services; or
(one) Is utilized to enter right into a relationship, the principal reason of which is to transfer something of price to execute a public objective authorized by a legislation of America (see 31 U.
the Federal company will not be necessary to reimburse this kind of fees If your receiver isn't going to acquire the Federal award or In case the Federal award is below predicted and inadequate to address these types of charges).
The applicant's record of controlling former and current Federal awards, which include compliance with reporting specifications and conformance to your conditions and terms of Federal awards, if applicable;
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(3) Each individual Federal company that considers creating a Federal award to your applicant through that 5-yr time period will take into consideration that info in deciding the applicant's qualification to get a Federal award when the overall Federal more info share of the Federal award is predicted to exceed the simplified acquisition threshold more than the duration of performance;