1. LawStack
  2. Title 34 - Education
  3. Subtitle B - Regulations of the Offices of the Department of Education
  4. Chapter VI - Office of Postsecondary Education, Department of Education
  5. Part 694 - Gaining Early Awareness and Readiness for Undergraduate Programs (Gear up)
  6. 34 CFR § 694.11
34 CFR § 694.11
What is the maximum indirect cost rate for an agency of a State or local government?
August 2, 2023
CFR

§ 694.11 What is the maximum indirect cost rate for an agency of a State or local government?

Notwithstanding 34 CFR 75.560–75.562 and 2 CFR part 200, subpart E—Cost Principles, the maximum indirect cost rate that an agency of a State or local government receiving funds under GEAR UP may use to charge indirect costs to these funds is the lesser of—

(a) The rate established by the negotiated indirect cost agreement; or

(b) Eight percent of a modified total direct cost base.

(Authority: 20 U.S.C. 1070a–21 to 1070a–28)

[65 FR 24760, Apr. 27, 2000. Redesignated at 75 FR 65798, Oct. 26, 2010, as amended at 79 FR 76105, Dec. 19, 2014]

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§ 694.10 What are the requirements that a Partnership must meet in designating a fiscal agent for its project under this program?
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§ 694.12 Under what conditions do State and Partnership GEAR UP grantees make section 404E scholarship awards?

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