[Code of Federal Regulations]

[Title 14, Volume 3]

[Revised as of January 1, 2006]

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

[CITE: 14CFR152.305]



[Page 138]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

CHAPTER I--FEDERAL AVIATION ADMINISTRATION, DEPARTMENT OF TRANSPORTATION 

                               (CONTINUED)

 

PART 152_AIRPORT AID PROGRAM--Table of Contents

 

             Subpart D_Accounting and Reporting Requirements

 

Sec. 152.305  Accounting records.



    (a) Airport development. Each sponsor of a project for airport 

development shall establish and maintain, for each individual project, 

an accounting record satisfactory to the Administrator which segregates 

cost information into the cost classifications set forth in Standard 

Form 271 (42 FR 45841).

    (b) Airport planning. Each sponsor of a project for airport master 

planning and each planning agency conducting a project for airport 

system planning shall establish and maintain, for each planning project, 

an adequate accounting record that segregates and groups direct and 

indirect cost information in the following classifications:

    (1) Third party contract costs.

    (2) Force account costs.

    (3) Administrative costs.