§ 658.40. What are the limitations on allowable costs?
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/us/cfr/t34/s§ 658.40·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Equipment costs may not exceed five percent of the grant amount; and
(b)No more than ten percent of the total amount of grant funds awarded to a grantee under this part may be used for the activity described in § 658.11(j). (Authority: 20 U.S.C. 1124) \[74 FR 35074, July 17, 2009\]
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