(2) The phrase “immediate bank loan obligation” suggests a binding settlement by a Federal agency to create a immediate bank loan when specified ailments are fulfilled because of the borrower.
(e) Any certain problems have to be immediately eliminated as soon as the situations that prompted them are already satisfied.
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suggests a payment That ought to not are actually built or which was created in an incorrect amount of money under statutory, contractual, administrative, or other legally applicable specifications. The time period incorrect payment incorporates: any payment to an ineligible recipient; any payment for an ineligible superior or service; any duplicate payment; any payment for a fantastic or assistance not obtained, apart from People payments wherever licensed by law; any payment that is not licensed by law; and any payment that does not account for credit rating for relevant discounts. See OMB Round A-123 Appendix C, Requirements for Payment Integrity Advancement
If a agreement is topic to CAS, fees needs to be allocated to that deal in accordance with the Value Accounting Specifications, which take priority over the allocation provisions With this component.
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(2) A Bodily stock of the house must be executed, and the outcome need to be reconciled With all the property records no less than once each and every two many years.
(i) In situations of conflict between the necessities of applicable parts of this aspect and also the stipulations of the deal, the terms and conditions of the agreement as well as the Considerably prevail.
(4) Establishing click here delivery schedules (as an example, the percentage of the get to generally be sent by a specified date of each month) that inspire participation by these company styles;
Real property, devices, and intangible home obtained or enhanced While using the Federal award have to be held in believe in because of the receiver or subrecipient as trustee for your beneficiaries of your job or system less than which the property was obtained or improved.
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When suitable for the procurement or use of typical or shared goods and companies, recipients and subrecipients are encouraged to enter into Point out and local intergovernmental agreements or inter-entity agreements for procurement transactions.
(ii) The recipient or subrecipient must have penned treatments for conducting specialized evaluations and creating selections.
When included in the conditions and terms of the Federal award, the Federal company may well allow the recipient to retain devices, or authorize a move-via entity to allow the subrecipient to retain equipment, without any further obligation into the Federal Govt Unless of course prohibited by Federal statute or regulation.