Code of Federal Regulations · Section
§ 34.604 — Limitations On Administrative Expenses—Noaa Restore Act Science Program
31 C.F.R. § 34.604
View:
(a) Of the amounts received by NOAA under the NOAA RESTORE Act Science Program, not more than three percent may be used for administrative expenses.
(b) The three percent limit is applied to the total amount of funds received by NOAA, beginning with the first fiscal year it receives funds through the end of the fourth, or most recent fiscal year, whichever is later.
(c) NOAA may seek reimbursement of administrative expenses incurred after the first deposit into the Trust Fund, to the extent permitted by Federal law. Administrative expenses incurred prior to the first deposit into the Trust Fund are not reimbursable.
Authorizing Statute
-
General authority of the Secretary31 U.S.C. § 321
-
Congressional declaration of goals and policy33 U.S.C. § 1251
-
Department of the Treasury31 U.S.C. § 301