[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: 34CFR76.561]



[Page 176]

 

                           TITLE 34--EDUCATION

 

PART 76_STATE-ADMINISTERED PROGRAMS--Table of Contents

 

 Subpart F_What Conditions Must Be Met by the State and Its Subgrantees?

 

Sec.  76.561  Approval of indirect cost rates.



    (a) If the Department of Education is the cognizant agency, the 

Secretary approves an indirect cost rate for a State agency and for a 

subgrantee other than a local educational agency. For the purposes of 

this section, the term local educational agency does not include a State 

agency.

    (b) Each State educational agency, on the basis of a plan approved 

by the Secretary, shall approve an indirect cost rate for each local 

educational agency that requests it to do so. These rates may be for 

periods longer than a year if rates are sufficiently stable to justify a 

longer period.

    (c) The Secretary generally approves indirect cost rate agreements 

annually. Indirect cost rate agreements may be approved for periods 

longer than a year if the Secretary determines that rates will be 

sufficiently stable to justify a longer rate period.



(Authority: 20 U.S.C. 1221e-3, 3474, and 6511(a))



[59 FR 59583, Nov. 17, 1994]