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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 34 - Education |
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Subtitle B - Regulations of the Offices of the Department of Education |
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Chapter VI - Office of Postsecondary Education, Department of Education |
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Part 694 - Gaining Early Awareness and Readiness for Undergraduate Programs (Gear up) |
§ 694.11 - What is the maximum indirect cost rate for an agency of a State or local government?
Latest version.
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§ 694.11 What is the maximum indirect cost rate for an agency of a State or local government?
Notwithstanding 34 CFR 75.560-75.562 and 2 CFR part 200, subpart E - Cost Principles, the maximum indirect cost rate that an agency of a State or local government receiving funds under GEAR UP 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 of a modified total direct cost base.
[65 FR 24760, Apr. 27, 2000. Redesignated at 75 FR 65798, Oct. 26, 2010, as amended at 79 FR 76105, Dec. 19, 2014]