(2) The expression “immediate bank loan obligation” suggests a binding agreement by a Federal company to produce a immediate bank loan when specified problems are fulfilled through the borrower.
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(twelve) Council of governments, whether included to be a nonprofit corporation below Condition regulation; and
(four) The phrase “mortgage assure commitment” suggests a binding arrangement by a Federal company to generate a bank loan assurance when specified ailments are fulfilled with the borrower, the lender, or every other occasion towards the ensure arrangement.
If a deal is issue to CAS, expenses needs to be allocated to that agreement in accordance with the Expense Accounting Requirements, which just take priority around the allocation provisions Within this section.
The mixture greenback amount of the procurement transaction is bigger compared to the micro-purchase threshold but does not exceed the simplified acquisition threshold. If simplified acquisition strategies are utilised, cost or rate quotations should be attained from an satisfactory number of qualified resources.
The prior approval specifications for your actions described in paragraph (g) of this part are quickly waived for Federal awards that guidance investigate Except if stipulated within the Federal company's regulations or stipulations from the Federal award.
When an appraisal of genuine website residence is needed and obtained by the recipient or subrecipient, it should be done by an impartial appraiser (such as, Qualified serious assets appraiser or Typical Products and services Administration representative) and Accredited by a accountable Formal of your recipient or subrecipient as demanded with the Uniform Relocation Help and Real House Acquisition Insurance policies Act of 1970, as amended, (42 U.
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implies expenses made by a recipient or subrecipient to a challenge or system for which a Federal award is acquired.
(i) The receiver or subrecipient has didn't comply with the terms and conditions of your Federal award; or
(a) The specifications set forth Within this part impacting the administration of Federal awards by Federal businesses grow to be efficient after implemented by Federal companies or when any future Modification to this component turns into final.
(three) Each Federal company that considers making a Federal award towards the applicant for the duration of that 5-12 months period will contemplate that facts in deciding the applicant's qualification to receive a Federal award when the entire Federal share of a Federal award is expected to exceed the simplified acquisition threshold more than the period of general performance;