[Code of Federal Regulations]
[Title 34, Volume 1]
[Revised as of July 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 34CFR74.27]

[Page 114]
 
                           TITLE 34--EDUCATION
 
PART 74_ADMINISTRATION OF GRANTS AND AGREEMENTS WITH INSTITUTIONS OF 
 
                    Subpart C_Post-Award Requirements
 
Sec. 74.27  Allowable costs.

    (a) For each kind of recipient, there is a set of cost principles 
for determining allowable costs. Allowability of costs are determined in 
accordance with the cost principles applicable to the entity incurring 
the costs, as specified in the following chart.

    Note: OMB circulars are available from the Office of Management and 
Budget, Publication Office, Room 2200, New Executive Office Building, 
Washington, DC 20503 (202) 395-7332.)

------------------------------------------------------------------------
        For the cost of a--                Use the principles in--
------------------------------------------------------------------------
Private nonprofit organization      OMB Circular A-122.
 other than (1) An institution of
 higher education; (2) a hospital;
 or (3) an organization named in
 OMB Circular A-122 as not subject
 to that circular.
Educational institution...........  OMB Circular A-21.
Hospital..........................  Appendix E to 45 CFR part 74.
Commercial for-profit organization  48 CFR part 31 Contract Cost
 other than a hospital and an        Principles and Procedures or
 educational institution.            uniform cost accounting standards
                                     that comply with cost principles
                                     acceptable to ED.
------------------------------------------------------------------------

    (b) The cost principles applicable to a State, a local government, 
or Federally recognized Indian tribal government are specified at 34 CFR 
Sec. 80.22.

(Authority: 20 U.S.C. 1221e-3, 3474; OMB Circular A-110)