[Code of Federal Regulations]
[Title 14, Volume 5]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 14CFR1273.22]

[Page 442-443]
 
                     TITLE 14--AERONAUTICS AND SPACE
 
                   CHAPTER V--NATIONAL AERONAUTICS AND
                          SPACE ADMINISTRATION
 
PART 1273_UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE 
 
                    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 443]]

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.

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           For the costs of a                 Use the principles in:
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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.
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