Code of Federal Regulations · Section
§ 658.40 — What Are The Limitations On Allowable Costs?
34 C.F.R. § 658.40
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(a) Equipment costs may not exceed five percent of the grant amount; and
(b) No more than ten percent of the total amount of grant funds awarded to a grantee under this part may be used for the activity described in § 658.11(j).
Authorizing Statute
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Undergraduate international studies and foreign language programs20 U.S.C. § 1124