[Code of Federal Regulations]

[Title 24, Volume 4]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR954.304]



[Page 418]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

CHAPTER IX--OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, 

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 954_INDIAN HOME PROGRAM--Table of Contents

 

             Subpart C_Eligible Activities and Affordability

 

Sec.  954.304  Eligible administrative costs.



    Eligible administrative costs means reasonable and necessary costs, 

as described in OMB Circular A-87, (available from the Executive Office 

of the President, Publication Service, 725 17th Street, N.W., Suite G-

2200, Washington, DC 20503; Telephone, (202) 395-7332)) incurred by the 

grantee and related to the planning and execution of HOME activities 

assisted in whole or in part with funds provided under this part. The 

grantee may use up to 15 percent of the HOME funds for the payment of 

eligible administrative costs.