74.20—Purpose of financial and program management.

Sections 74.21 through 74.28 prescribe standards for financial management systems, methods for making payments and rules for—

(a) Satisfying cost sharing and matching requirements;

(b) Accounting for program income;

(d) Making audits;

(e) Determining allowability of cost; and

(f) Establishing fund availability.

Code of Federal Regulations

(Authority: 20 U.S.C. 1221e-3, 3474 ; OMB Circular A-110)