§ 611.61 - What is the maximum indirect cost rate that applies to a recipient's use of program funds?

§ 611.61 What is the maximum indirect cost rate that applies to a recipient's use of program funds?

Notwithstanding 34 CFR 75.560-75.562 and 2 CFR 200.414, Indirect (F&A) costs, the maximum indirect cost rate that any recipient of funds under the Teacher Quality Enhancement Grants Program may use to charge indirect costs to these funds is the lesser of -

(a) The rate established by the negotiated indirect cost agreement; or

(b) Eight percent.

(Authority: 20 U.S.C. 1021 et seq.)

[65 FR 19614, Apr. 11, 2000, as amended at 79 FR 76101, Dec. 19, 2014]