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Code of Federal Regulations Title 49. Transportation § 49.29.504 What cost principles must a Tribe apply in compacts and funding agreements?

Current as of January 02, 2025 | Updated by Findlaw Staff

(a) A Tribe must apply the applicable cost principles of the Office of Management and Budget's Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, 2 CFR part 200, except as modified by:

(1)25 U.S.C. 5325(k), which sets forth certain categories of allowable uses of funds that a Tribe may include in a funding agreement provided that such use supports implementation of a PSFA;

(2) Other provisions of Federal law;  or

(3) Any subsequent exemptions granted by the Office of Management and Budget.

(b) The Department may not require a Tribe to apply other audit or accounting standards.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 49. Transportation § 49.29.504 What cost principles must a Tribe apply in compacts and funding agreements? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-49-transportation/cfr-sect-49-29-504/

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