Qualified Service Contracts - Rev. Proc. 2017-13. Unless the Recipient chooses to apply the safe harbors described below in F.2.b. for Service Contracts (defined below) entered into before (and not materially modified after) August 18, 2017, an arrangement under which services are to be provided by a Private Person (“Service Provider”) involving the use of all or any portion of, or any function of, the Project (for example, the management services for an entire facility or a specific department of a facility) (“Service Contract”) is a “Qualified Service Contract” if either (A) the only compensation provided for in the Service Contract consists of reimbursements of actual and direct expenses paid by the Service Provider to persons other than Related Parties and reasonable related administrative overhead expenses of the Service Provider (“Expense Reimbursement”) or (B) all of the following conditions are satisfied:
Appears in 151 contracts
Samples: Project Grant/Loan Agreement, Project Loan Agreement, Project Grant/Loan Agreement
