[Code of Federal Regulations]
[Title 14, Volume 5, Parts 1200 to end]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 14CFR1274.919]

[Page 474]
 
                     TITLE 14--AERONAUTICS AND SPACE
 
                          SPACE ADMINISTRATION
 
PART 1274--COOPERATIVE AGREEMENTS WITH COMMERCIAL FIRMS--Table of Contents
 
              Subpart I--Provisions and Special Conditions
 
Sec. 1274.919  Cost principles and accounting standards.

                Cost Principles and Accounting Standards

                              October 2000

    The expenditure of Government funds by the Recipient and the 
allowability of costs recognized as a resource contribution by the 
Recipient (See clause entitled ``Resource Sharing Requirements'') shall 
be governed by the FAR cost principles, 48 CFR part 31. (If the 
Recipient is a consortium which includes non-commercial firm members, 
cost allowability for those members will be determined as follows: 
Allowability of costs incurred by State, local or federally-recognized 
Indian tribal governments is determined in accordance with the 
provisions of OMB Circular A-87, ``Cost Principles for State and Local 
Governments.'' The allowability of costs incurred by non-profit 
organizations is determined in accordance with the provisions of OMB 
Circular A-122, ``Cost Principles for Non-Profit Organizations.'' The 
allowability of costs incurred by institutions of higher education is 
determined in accordance with the provisions of OMB Circular A-21, 
``Cost Principles for Educational Institutions.'' The allowability of 
costs incurred by hospitals is determined in accordance with the 
provisions of appendix E of 45 CFR part 74, ``Principles for Determining 
Costs Applicable to Research and Development Under Grants and Contracts 
with Hospitals.'') Recipient's method for accounting for the expenditure 
of funds must be consistent with Generally Accepted Accounting 
Principles.

[End of provision]