Electronic Code of Federal Regulations
|
e-CFR data is current as of January 13, 2021 |
Title 34 → Subtitle A → Part 75 → Subpart D → §75.232 |
Title 34: Education
PART 75—DIRECT GRANT PROGRAMS
Subpart D—How Grants Are Made
§75.232 The cost analysis; basis for grant amount.
(a) Before the Secretary sets the amount of a new grant, the Secretary does a cost analysis of the project. The Secretary:
(1) Verifies the cost data in the detailed budget for the project;
(2) Evaluates specific elements of costs; and
(3) Examines costs to determine if they are necessary, reasonable, and allowable under applicable statutes and regulations.
(b) The Secretary uses the cost analysis as a basis for determining the amount of the grant to the applicant. The cost analysis shows whether the applicant can achieve the objectives of the project with reasonable efficiency and economy under the budget in the application.
(Authority: 20 U.S.C. 1221e-3 and 3474)
[45 FR 22497, Apr. 3, 1980. Redesignated at 45 FR 77368, Nov. 21, 1980, as amended at 59 FR 30261, June 10, 1994]