CFR > Title 34 - Education > SUBTITLE B—Regulations of the Offices of the Department of Education > CHAPTER VI—OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION (parts 600 to 694) > PART 658—UNDERGRADUATE INTERNATIONAL STUDIES AND FOREIGN LANGUAGE PROGRAM > SUBPART E—What Conditions Must Be Met by a Grantee? (§658.40 to §658.41) > 658.40—What are the limitations on allowable costs?

658.40—What are the limitations on allowable costs?

(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).

Code of Federal Regulations

(Authority: 20 U.S.C. 1124 )

Code of Federal Regulations

[74 FR 35074, July 17, 2009]