76.564—Restricted indirect cost rate—formula.
(a)
An indirect cost rate for a grant covered by § 76.563 or 34 CFR 75.563 is determined by the following formula:
Restricted indirect cost rate = (General management costs Fixed costs) ÷ (Other expenditures)
(b)
General management costs, fixed costs, and other expenditures must be determined under §§ 76.565 through 76.567.
(c)
Under the programs covered by § 76.563, a subgrantee of an agency of a State or a local government (as those terms are defined in 34 CFR 80.3) or a grantee subject to 34 CFR 75.563 that is not a State or local government agency may use—
(2)
An indirect cost rate of eight percent unless the Secretary determines that the subgrantee or grantee would have a lower rate under paragraph (a) of this section.
(d)
Indirect costs that are unrecovered as a result of these restrictions may not be charged directly, used to satisfy matching or cost-sharing requirements, or charged to another Federal award.