49 CFR 29.419 – Does the award of formula funds entitle a Tribe to receipt of contract support costs?
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The award of formula funds does not entitle a Tribe to receive contract support costs under 25 U.S.C. § 5325(a). A funding agreement will not provide additional funds for contract support costs to carry out PSFAs. While a Tribe is not entitled to additional funds for contract support costs, a Tribe may use a portion of its formula funds (§ 29.400(a) and (b)) for overhead and administrative expenses if such costs are reasonable, allowable, and allocable in accordance with 2 CFR part 200 and the statutory and regulatory requirements applicable to the funding source.
Terms Used In 49 CFR 29.419
- Contract: A legal written agreement that becomes binding when signed.