§ 365.16 - What requirements apply to refunds and rebates?

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- 94-19687. Final regulations. 94-19687. Independent Living Services Programs; Final Rule DEPARTMENT OF EDUCATION
- 94-11543. Notice of proposed rulemaking. 94-11543. Independent Living Services Programs; Proposed Rule DEPARTMENT OF EDUCATION

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§ 365.16 What requirements apply to refunds and rebates?

The following must be treated as a reduction of expenditures charged to the grant, subgrant, or contract awarded under this part and may not be used for meeting the State's matching requirement under section 712(b) of the Act:

(a) Rebates, deductions, refunds, discounts, or reductions to the price of goods, products, equipment, rental property, real property, or services.

(b) Premiums, bonuses, gifts, and any other payments related to the purchase of goods, products, equipment, rental property, real property, or services.

(Authority: 29 U.S.C. 711(c), 796e-1(b), and OMB Circulars A-87 and A-122)

                    
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§ 365.16 - What requirements apply to refunds and rebates?

§ 365.16 What requirements apply to refunds and rebates?