43 C.F.R. § 12.62 Allowable costs.
Title 43 - Public Lands: Interior
(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 43: Public Lands: Interior
PART 12—ADMINISTRATIVE AND AUDIT REQUIREMENTS AND COST PRINCIPLES FOR ASSISTANCE PROGRAMS
Subpart C—Uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local Governments
Post-Award Requirements
§ 12.62 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 OBM 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
