§ 200.418. Costs incurred by states and local governments.
112 words·~1 min read·
/us/cfr/t2/s§ 200.418·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Costs incurred or paid by a State or local government on behalf of and in direct benefit to its IHEs are allowable. These costs include but are not limited to fringe benefit programs such as pension costs and Federal Insurance Contributions Act
(FICA)costs. These costs are allowable regardless of whether they are recorded in the accounting records of the institutions, subject to the following conditions:
(a)The costs meet the requirements of § 200.402-200.411;
(b)The costs are properly supported by approved cost allocation plans in accordance with the applicable cost accounting principles of this part; and
(c)The costs are not otherwise borne directly or indirectly by the Federal Government.