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Title 34: Education
Subtitle A: Office of the Secretary, Department of Education
:
Subpart E: What Conditions Must Be Met by a Grantee
: Indirect Cost Rates
75.561 - Approval of indirect cost rates.
(a) If the Department of Education is the cognizant agency, the Secretary approves an indirect cost rate for a grantee other than a local educational agency. For the purposes of this section, the term local educational agency does not include a State agency.
(b) Each State educational agency, on the basis of a plan approved by the Secretary, shall approve an indirect cost rate for each local educational agency that requests it to do so. These rates may be for periods longer than a year if rates are sufficiently stable to justify a longer period.
(c) The Secretary generally approves indirect cost rate agreements annually. Indirect cost rate agreements may be approved for periods longer than a year if the Secretary determines that rates will be sufficiently stable to justify a longer rate period.
(Authority: 20 U.S.C. 1221e-3 and 3474)
[59 FR 59583, Nov. 17, 1994]
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