15 C.F.R. § 24.22 Allowable costs.
Title 15 - Commerce and Foreign Trade
(a) Limitation on use of funds. Grant funds may be used only for: (1) The allowable costs of the grantees, subgrantees and cost-type contractors, including allowable costs in the form of payments to fixed-price contractors; and (2) Reasonable fees or profit to cost-type contractors but not any fee or profit (or other increment above allowable costs) to the grantee or subgrantee. (b) Applicable cost principles. For each kind of organization, there is a set of Federal principles for determining allowable costs. Allowable costs will be determined in accordance with the cost principles applicable to the organization incurring the costs. The following chart lists the kinds of organizations and the applicable cost principles.
Title 15: Commerce and Foreign Trade
PART 24—UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE AGREEMENTS TO STATE AND LOCAL GOVERNMENTS
Subpart C—Post-Award Requirements
Financial Administration
§ 24.22 Allowable costs.
------------------------------------------------------------------------ For the costs of a_ Use the principles in_------------------------------------------------------------------------State, local or Indian tribal government.. OMB Circular A-87.Private nonprofit organization other than OMB Circular A-122. an (1) institution of higher education, (2) hospital, or (3) organization named in OMB Circular A-122 as not subject to that circular.Educational institutions.................. OMB Circular A-21.For-profit organization other than a 48 CFR Part 31. Contract hospital and an organization named in OBM Cost Principles and Circular A-122 as not subject to that Procedures, or uniform cost circular. accounting standards that comply with cost principles acceptable to the Federal agency.------------------------------------------------------------------------
Browse Previous |
Browse Next
