§ 75.232. The cost analysis; basis for grant amount.
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/us/cfr/t34/s§ 75.232·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Before the Secretary sets the amount of a new grant, the Secretary does a cost analysis of the project. The Secretary:
(1)Verifies the cost data in the detailed budget for the project;
(2)Evaluates specific elements of costs; and
(3)Examines costs to determine if they are necessary, reasonable, and allowable under applicable statutes and regulations.
(b)The Secretary uses the cost analysis as a basis for determining the amount of the grant to the applicant. The cost analysis shows whether the applicant can achieve the objectives of the project with reasonable efficiency and economy under the budget in the application. (Authority: 20 U.S.C. 1221e-3 and 3474) \[45 FR 22497, Apr. 3, 1980. Redesignated at 45 FR 77368, Nov. 21, 1980, as amended at 59 FR 30261, June 10, 1994\]
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CFR
- § 270.6What regulations apply to this program?
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- § 644.23How does the Secretary set the amount of a grant?
- § 646.23How does the Secretary set the amount of a grant?
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