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Code of Federal Regulations Title 34. Education § 34.76.564 Restricted indirect cost rate—formula

Current as of October 02, 2022 | Updated by FindLaw Staff

(a) An indirect cost rate for a grant covered by § 76.563 or 34 CFR 75.563 is determined by the following formula:

Restricted indirect cost rate = (General management costs + Fixed costs) ÷ (Other expenditures)

(b) General management costs, fixed costs, and other expenditures must be determined under §§ 76.565 through 76.567.

(c) Under the programs covered by § 76.563, a subgrantee of an agency of a State or a local government (as those terms are defined in 2 CFR 200.90 and 200.64, respectively), or a grantee subject to 34 CFR 75.563 that is not a State or local government agency may use—

(1) An indirect cost rate computed under paragraph (a) of this section;  or

(2) An indirect cost rate of eight percent unless the Secretary determines that the subgrantee or grantee would have a lower rate under paragraph (a) of this section.

(d) Indirect costs that are unrecovered as a result of these restrictions may not be charged directly, used to satisfy matching or cost-sharing requirements, or charged to another Federal award.

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

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Cite this article: FindLaw.com - Code of Federal Regulations Title 34. Education § 34.76.564 Restricted indirect cost rate—formula - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-34-education/cfr-sect-34-76-564/

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