(four) The phrase “bank loan promise determination” suggests a binding settlement by a Federal awarding agency to generate a personal loan assurance when specified problems are fulfilled because of the borrower, the lender, or another social gathering into the promise arrangement.
(2) PRHP charges calculated working with an actuarial Value technique regarded by GAAP are allowable Should they be funded for that year in just 6 months following the end of that 12 months. Expenditures funded after the 6 thirty day period period (or a afterwards period of time agreed to via the cognizant company) are allowable in the year funded. The Federal cognizant agency for indirect expenses may agree to an extension from the 6 thirty day period period if an suitable adjustment is manufactured to compensate to the timing of the charges into the Federal Government and related Federal reimbursements plus the non-Federal entity's contributions for the PRHP fund.
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(two) Benefits both of those the Federal award and other function with the non-Federal entity and can be distributed in proportions that may be approximated using acceptable procedures; and
(ii) Pension expenditures calculated employing an actuarial Expense-based mostly technique identified by GAAP are allowable for your offered fiscal year Should they be funded for that calendar year inside six months after the stop of that year. Expenses funded once the six thirty day period period (or maybe a later time period agreed to with the cognizant company for oblique expenses) are allowable within the calendar year funded. The cognizant agency for oblique costs may perhaps agree to an extension of your six thirty day period time period if an acceptable adjustment is built to compensate for more info that timing of the costs for the Federal Govt and similar Federal reimbursement and also the non-Federal entity's contribution to the pension fund.
(2) The Federal award ought to include things like wording to incorporate, by reference, the relevant list of standard terms and conditions, The reference need to be into the Web-site at which the HHS awarding agency maintains the general terms and conditions.
suggests tangible or intangible property Utilized in functions possessing a handy life of more than one 12 months that happen to be capitalized in accordance with GAAP. Funds assets contain:
(i) Be supported by a procedure of inner Handle which offers affordable assurance that the charges are exact, allowable, and appropriately allocated;
(one) Learns that any of that facts is erroneous, the HHS awarding agency ought to proper the knowledge from the procedure inside three enterprise times;
For aggressive grants and cooperative agreements, the HHS awarding company need to announce distinct funding opportunities by supplying the next facts inside of a community recognize:
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Unless of course in any other case authorised by OMB, the HHS awarding agency may possibly solicit just the standard, OMB-approved authorities-large information elements for selection of monetary info (at time of publication the Federal Fiscal Report or these types of long term collections as could possibly be approved by OMB and detailed to the OMB Web site). This info has to be collected Along with the frequency necessary through the terms and conditions with the Federal award, but no fewer commonly than yearly nor much more routinely than quarterly apart from in strange conditions, by way of example wherever additional Regular reporting is needed for the effective checking from the Federal award or could significantly affect application outcomes, and preferably in coordination with performance reporting.
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