19 Tex. Admin. Code § 109.3003 - Indirect Cost Rates
(a) Pursuant to
authorization in 34 Code of Federal Regulations (CFR), §75.561(b) and
§76.561(b), the Texas Education Agency (TEA) has been delegated the authority
by the United States Department of Education (USDE) to issue indirect cost
rates to local educational agencies (LEAs) and education service centers
(ESCs).
(b) Pursuant to
34 CFR, §
75.561(b) and §
76.561(b), to
recover any indirect costs for the administration of federal grants, an entity
must have an approved indirect cost rate. Indirect cost rates will be issued
for a one-year period from July 1 to June 30. A new indirect cost rate must be
requested each year.
(c) For the
one-year period an entity has been issued an indirect cost rate, it can claim
indirect cost revenue on applicable grants during that period. As indirect cost
revenues are earned in the Special Revenue Fund on federally funded grants,
these revenues can be transferred from the Special Revenue Fund to the General
Fund. After the indirect cost revenue has been recorded in the General Fund,
the revenues can be used for any legal purpose.
(d) Guidance concerning the process for
requesting an indirect cost rate for entities where TEA is the cognizant
agency, including LEAs and ESCs, has been developed by TEA in conjunction with
federal statutes and guidance from USDE. The definitions, standards, and
procedures to request an indirect cost rate are outlined in the
Indirect Cost Rate Guidance Handbook provided in this
subsection.
(e) Guidance provided in the
handbook described in subsection (d) of this section will be updated as
necessary by the commissioner of education to align with subsequent updates,
modifications, and amendments to the statutory authority and USDE
guidance.
(f) To the extent that
this section conflicts with any other commissioner or State Board of Education
rule, including the Financial Accountability System Resource Guide, the
provisions of this section control.
Notes
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