[Code of Federal Regulations]

[Title 14, Volume 5]

[Revised as of January 1, 2006]

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

[CITE: 14CFR1273.22]



[Page 440-441]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

                          SPACE ADMINISTRATION

 

PART 1273_UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE 

AGREEMENTS TO STATE AND LOCAL GOVERNMENTS--Table of Contents

 

                    Subpart C_Post-Award Requirements

 

Sec. 1273.22  Allowable costs.



    (a) Limitation on use of funds. Grant funds may be used only for:

    (1) The allowable costs of the grantees, subgrantees and cost-type 

contractors, including allowable costs in the form of payments to fixed-

price contractors; and

    (2) Reasonable fees or profit to cost-type contractors but not any 

fee or profit (or other increment above allowable costs) to the grantee 

or subgrantee.

    (b) Applicable cost principles. For each kind of organization, there 

is a set of



[[Page 441]]



Federal principles for determining allowable costs. Allowable costs will 

be determined in accordance with the cost principles applicable to the 

organization incurring the costs. The following chart lists the kinds of 

organizations and the applicable cost principles.



------------------------------------------------------------------------

           For the costs of a                 Use the principles in:

------------------------------------------------------------------------

State, local or Indian tribal            OMB Circular A-87.

 government.

Private nonprofit organization other     OMB Circular A-122.

 than an (1) institution of higher

 education, (2) hospital, or (3)

 organization named in OMB Circular A-

 122 as not subject to that circular.

Educational institutions...............  OMB Circular A-21.

For-profit organization other than a     48 CFR part 31, Contract Cost

 hospital and an organization named in    Principles and Procedures, or

 OMB Circular A-122 as not subject to     uniform cost accounting

 that circular.                           standards that comply with

                                          cost principles acceptable to

                                          the Federal agency.

------------------------------------------------------------------------