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(2) The phrase “direct personal loan obligation” implies a binding arrangement by a Federal agency to generate a direct financial loan when specified ailments are fulfilled via the borrower.

usually means the Federal company's or go-as a result of entity's published resolve, supplied for the auditee, in the adequacy on the auditee's proposed corrective steps to address the findings according to its evaluation on the audit findings and proposed corrective steps.

as established forth in appendices III through VII, and IX of the section. The certification needs to be signed on behalf on the recipient by an individual in a amount no decrease as opposed to vice chairman or Main economic officer in the recipient that submits the proposal.

Except subpart F, which is needed by the Single Audit Act, Federal statutes or rules govern in almost any instances where by they conflict Together with the provisions of this part.

suggests a person procurement transaction for provides or products and services, the mixture level of which won't exceed the micro-obtain threshold. Micro-buys comprise a subset of a recipient's or subrecipient's compact buys applying casual procurement procedures as set forth in § 200.320.

(2) “Produced products and solutions” suggests items and construction components composed in whole or in part of non-ferrous metals like aluminum; plastics and polymer-primarily based merchandise for example polyvinyl chloride pipe; aggregates for instance concrete; glass, like optical fiber; and lumber.

(i) Be supported by a procedure of interior control that provides sensible assurance that the charges are precise, allowable, and effectively allocated;

(i) In cases of conflict between the requirements of applicable parts of this element plus the stipulations from the contract, the terms and conditions in the deal as well as the FAR prevail.

The Federal agency ought to announce specific funding options for Federal economical guidance that can be overtly competed. The expression overtly competed implies possibilities that are not directed to a number of specially identified applicants. To your extent doable, the Federal agency must converse possibilities to the general public in simple language to ensure the announcement is accessible to assorted communities of qualified applicants, which includes underserved communities.

if it doesn't generate a Federal award to an applicant mainly because it establishes the applicant isn't going to meet up with the bare minimum qualification standards as explained in § 200.206(a)(two). The Federal company have to report that determination only if all of the following utilize:

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(two) A personal nongovernmental Group located in a country aside from the United States that solicits and gets cash contributions from most of the people;

Subparts B as a result of D set forth the uniform administrative needs for Federal financial guidance. This features setting up requirements for Federal businesses administration of Federal economic aid programs in advance of a Federal award is produced, and necessities that Federal agencies may possibly impose on recipients and subrecipients throughout the lifecycle of a Federal award.

(three) The disposal of scrap or surplus components obtained during the overall performance of a Federal award except when the receiver or subrecipient is reimbursed for disposal prices in a predetermined amount of money; or