§ 609.41. What are allowable costs and what are the limitations on allowable costs?
141 words·~1 min read·
/us/cfr/t34/s§ 609.41·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Allowable costs. Except as provided in paragraphs
(b)and
(c)of this section, a grantee may expend grant funds for activities that are reasonably related to carrying out the allowable activities included in its approved application.
(b)Supplement and not supplant. A grantee shall use grant funds so that they supplement, and to the extent practical, increase the funds that would otherwise be available for the activities to be carried out under the grant, and in no case supplant those funds.
(c)Limitations on allowable costs. A grantee may not---
(1)Spend more than fifty percent of its grant award in each fiscal year for costs relating to constructing or maintaining a classroom, library, laboratory, or other instructional facility; and
(2)Use an indirect cost rate to determine allowable costs under its grant. (Authority: 20 U.S.C. 1062, 1063b, and 1066)
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
§ 609.41
What are allowable costs and what are the limitations on allowable costs?
Cites 1Cited by 0 across 0 sources