Allowable project costs.

CFR · 2024-01-01 · US · Title 14

(a) (1) Have been necessary to accomplish airport development in conformity with— (i) The approved plans and specifications for an approved project; and (ii) The terms of the grant agreement for the project; (2) Be reasonable in amount (subject to partial disallowance to the extent the Administrator determines it is unreasonable); (3) Have been incurred after the date the grant agreement was executed, except that project formulation costs may be allowed even though they were incurred before that date; (4) Be supported by satisfactory evidence; (5) Have not been included in an airport planning grant; and (6) Be a cost determined in accordance with the cost principles for State and local governments in Federal Management Circular 74-4 (39 FR 27133; 43 FR 50977). (b) (1) Have been necessary to accomplish airport planning in comformity with an approved project and the terms of the grant agreement for the project; (2) Be reasonable in amount; (3) Have been incurred after the date the grant agreement was entered into, except for substantiated and reasonable costs incurred in designing the study effort; (4) Be supported by satisfactory evidence; and (5) Be figured in accordance with Federal Management Circular 74-4 (39 FR 27133; 43 FR 50977).

official document · source cfr-2024 · id 14:§ 152.203