[Code of Federal Regulations] [Title 34, Volume 3] [Revised as of July 1, 2005] From the U.S. Government Printing Office via GPO Access [CITE: 34CFR658.40] [Page 370] TITLE 34--EDUCATION CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION PART 658_UNDERGRADUATE INTERNATIONAL STUDIES AND FOREIGN LANGUAGE PROGRAM --Table of Contents Subpart E_What Conditions Must Be Met by a Grantee? Sec. 658.40 What are the limitations on allowable costs? Equipment costs may not exceed five percent of the grant amount. (Authority: 20 U.S.C. 1124)