Title 34

SECTION 658.40

658.40 What are the limitations on allowable costs

§ 658.40 What are the limitations on allowable costs?

(a) Equipment costs may not exceed five percent of the grant amount; and

(b) No more than ten percent of the total amount of grant funds awarded to a grantee under this part may be used for the activity described in § 658.11(j).

(Authority: 20 U.S.C. 1124) [74 FR 35074, July 17, 2009]

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