34 C.F.R. § 76.569

Current through May 31, 2024

Section 76.569 - Using the restricted indirect cost rate

(a) Under the programs referenced in § 76.563 , the maximum amount of indirect costs under a grant is determined by the following formula:

Indirect costs = (Restricted indirect cost rate) * (Total direct costs of the grant minus capital outlays, subgrants, and other distorting or unallowable items as specified in the grantee's indirect cost rate agreement)

(b) If a grantee uses a restricted indirect cost rate, the general management and fixed costs covered by that rate must be excluded by the grantee from the direct costs it charges to the grant.

34 C.F.R. §76.569

59 FR 59584, Nov. 17, 1994

Authority: 20 U.S.C. 1221e-3(a)(1) , 2831(a) , 2974(b) , and 3474