[Code of Federal Regulations]
[Title 34, Volume 3]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 34CFR611.61]

[Page 270]
 
                           TITLE 34--EDUCATION
 
                         DEPARTMENT OF EDUCATION
 
PART 611--TEACHER QUALITY ENHANCEMENT GRANTS PROGRAM--Table of Contents
 
                    Subpart F--Other Grant Conditions
 
Sec. 611.61  What is the maximum indirect cost rate that applies to 
a recipient's use of program funds?

    Source: 65 FR 19614, Apr. 11, 2000, unless otherwise noted.


    Notwithstanding 34 CFR 75.560-75.562 and 34 CFR 80.22, the maximum 
indirect cost rate that any recipient of funds under the Teacher Quality 
Enhancement Grants Program may use to charge indirect costs to these 
funds is the lesser of--
    (a) The rate established by the negotiated indirect cost agreement; 
or
    (b) Eight percent.

(Authority: 20 U.S.C. 1021 et seq.)