§1108.135. Cost-type subaward.

2 C.F.R. § 1108.135

Cost-type subaward means a subaward that:

(a)

A recipient or subrecipient makes to another entity at the next lower tier; and

(b)

Provides for payments to the entity that receives the cost-type subaward based on the actual, allowable costs it incurs in carrying out the subaward.

Notes, amendments, and revision history

Authority: 5 U.S.C. 301 and 10 U.S.C. 113.

Source: 85 FR 51230, Aug. 19, 2020, unless otherwise noted.