(a) Administrative costs shall not exceed the amount specified in the grant application instructions.
(b) Administrative costs must be budgeted by line-item in the grant application, unless:
  (1) the applicant has a cost allocation plan approved by a federal agency; or
  (2) the applicant's cost allocation plan has an indirect cost rate approved by a federal agency.
(c) An applicant that has a current cost allocation plan with an indirect cost approved by a federal agency may budget up to the amount of allowable administrative costs or the approved indirect cost rate, whichever is lower.

Source Note: The provisions of this §460.9 adopted to be effective June 8, 2011, 36 TexReg 3508; amended to be effective December 12, 2011, 36 TexReg 8389