[Code of Federal Regulations]

[Title 15, Volume 3]

[Revised as of January 1, 2006]

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

[CITE: 15CFR2301.24]



[Page 513]

 

                  TITLE 15--COMMERCE AND FOREIGN TRADE

 

       CHAPTER XXIII--NATIONAL TELECOMMUNICATIONS AND INFORMATION 

                 ADMINISTRATION, DEPARTMENT OF COMMERCE

 

PART 2301_PUBLIC TELECOMMUNICATIONS FACILITIES PROGRAM--Table of Contents

 

                    Subpart E_Completion of Projects

 

Sec. 2301.24  Final Federal payment.



    If the total allowable, allocable, and reasonable costs incurred in 

completing the planning or construction project are less than the total 

project award amount, the Agency shall reduce the amount of the final 

Federal share on a pro rata basis. If, however, the actual costs 

incurred in completing the project are more than the estimated total 

project costs, in no case will the final Federal funds paid exceed the 

grant award.