---
kind: "section"
citation: "2 C.F.R. § 1128.300"
title: "2"
number: "1128.300"
heading: "Purpose of FMS Article III."
url: "https://uscodex.org/cfr/2/1128.300"
---

# §1128.300. Purpose of FMS Article III.


FMS Article III of the general terms and conditions specifies what costs are allowable as charges to awards and when they are allowable. It also specifies restrictions on payment of fee or profit. It thereby implements OMB guidance in §§ [200.209](/cfr/2/200.209.md) and [200.309](/cfr/2/200.309.md) and [Subpart E](/cfr/2/subpartE.md) of [2 CFR part 200](/cfr/2/part200.md). It also partially implements 2 CFR [200.201(b)(1)](/cfr/2/200.201.md?p=b-1) and [200.323(c)](/cfr/2/200.323.md?p=c), as those sections apply to the cost principles to be used in relation to subawards and contracts, respectively.


## Notes

### Authority

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

### Source

Source: 85 FR 51171, Aug. 19, 2020, unless otherwise noted.