[Code of Federal Regulations]
[Title 7, Volume 10]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1484.52]

[Page 742-743]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1484_PROGRAMS TO HELP DEVELOP FOREIGN MARKETS FOR AGRICULTURAL 
 
               Subpart D_Contributions and Reimbursements
 
Sec. 1484.52  What are the guidelines for computing the value of non-cash 

contributions?

    (a) Computing the value of an individual's time. If an individual's 
salary is known, allocate the individual's salary on the basis of time 
spent on foreign market development activities. If the individual's 
salary is unknown, claim up to the equivalent of a step 10, GS-15 for 
professional personnel and up to the current estimated industry rate at 
the person's level of employment for nonprofessional personnel.
    (b) Computing the value of indirect expenditures. Allocate value on 
the basis of sound management and accounting

[[Page 743]]

procedures when considering indirect expenditures, such as overhead and 
facilities, which are furnished by the industry.