Section 8 AAC 86.130 - General requirements; administrative cost standards(a) A technical and vocational education entity that is awarded a grant under this chapter shall (1) ensure that its accounting systems and its training activities meet the applicable standards set by AS 23.15.840(a);(2) provide one or more of the program elements listed in AS 23.15.840(c);(3) allow access to its records as provided in AS 23.15.840(d), and retain those records for at least three years after grant closeout; and(4) comply with all other applicable provisions of AS 23.15.820-23.15.850 and this chapter.(b) Subject to the limit set by AS 23.15.820(a)(3), allowable administrative costs are those allowable administrative costs set out in 20 C.F.R. 667.220, revised as of November 17, 2004, and adopted by reference.Eff. 4/18/2002, Register 162; am 12/24/2004, Register 172Authority:AS 23.15.820
AS 23.15.840