[Code of Federal Regulations]
[Title 15, Volume 3]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 15CFR2301.24]

[Page 487]
 
                  TITLE 15--COMMERCE AND FOREIGN TRADE
 
       CHAPTER XXIII--NATIONAL TELECOMMUNICATIONS AND INFORMATION 
                 ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 2301--PUBLIC TELECOMMUNICATIONS FACILITIES PROGRAM--Table of Contents
 
                    Subpart E--Completion of Projects
 
Sec. 2301.24  Final Federal payment.

    If the total allowable, allocable, and reasonable costs incurred in 
completing the planning or construction project are less than the total 
project award amount, the Agency shall reduce the amount of the final 
Federal share on a pro rata basis. If, however, the actual costs 
incurred in completing the project are more than the estimated total 
project costs, in no case will the final Federal funds paid exceed the 
grant award.