[Code of Federal Regulations]

[Title 34, Volume 1]

[Revised as of July 1, 2006]

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

[CITE: 34CFR226.23]



[Page 566]

 

                           TITLE 34--EDUCATION

 

                  CHAPTER II--OFFICE OF ELEMENTARY AND

              SECONDARY EDUCATION, DEPARTMENT OF EDUCATION

 

PART 226_STATE CHARTER SCHOOL FACILITIES INCENTIVE PROGRAM--Table of 

Contents

 

           Subpart C_What Conditions Must Be Met by a Grantee?

 

Sec.  226.23  May charter schools use grant funds for administrative 

costs?



    (a) Except as provided in paragraph (b) of this section, charter 

school subgrantees may use grant funds for administrative costs that are 

necessary and reasonable for the proper and efficient performance and 

administration of this Federal grant. This use of funds, as well as 

indirect costs and rates, must comply with EDGAR and the Office of 

Management and Budget Circular A-87 (Cost Principles for State, Local, 

and Indian Tribal Governments).

    (b) Consistent with the requirements in 34 CFR 75.564(c)(2), any 

charter school subgrantees that use grant funds for construction 

activities may not be reimbursed for indirect costs for those 

activities.



(Authority: 20 U.S.C. 1221e-3; 7221d(b))