34 C.F.R. Part ..., Subpart E — What Conditions Must Be Met by a Grantee? | Code of Federal Regulations — United States

34 C.F.R. § 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).

34 C.F.R. § 658.41 What are the cost-sharing requirements?

(a) The grantee's share may be derived from cash contributions from private sector corporations or foundations in the amount of one-third of the total cost of the project. (b) The grantee's share may be derived from cash or in-kind contributions from institutional and noninstitutional funds, including State and private sector corporation or foundation contributions, equal to one-half of the total cost of the project. (c) In-kind contributions means property or services that benefit a grant-supported project or program and that are contributed by non-Federal third parties without charge to the grantee. (d) The Secretary may waive or reduce the required non-Federal share for institutions that— (1) Are eligible to receive assistance under part A or B of title III or under title V of the Higher Education Act of 1965, as amended; and (2) Have submitted a grant application under this part that demonstrates a need for a waiver or reduction.