34 C.F.R. § 80.22 Allowable costs.
Title 34 - Education
(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) For each kind of organization, there is a set of Federal principles for determining allowable costs. For the costs of a State, local, or Indian tribal government, the Secretary applies the cost principles in OMB Circular A–87, as amended on June 9, 1987. (Authority: 20 U.S.C. 3474; OMB Circular A–102) [53 FR 8071 and 8087, Mar. 11, 1988, as amended at 53 FR 8072, Mar. 11, 1988]
Title 34: Education
PART 80—UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE AGREEMENTS TO STATE AND LOCAL GOVERNMENTS
Subpart C—Post-Award Requirements
Financial Administration
§ 80.22 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.------------------------------------------------------------------------
