C.F.R. » Title 2 » CHAPTER II—OFFICE OF MANAGEMENT AND BUDGET GUIDANCE › PART 200—UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS › Subpart E—Cost Principles

2 C.F.R. § 200.424

Alumni activities

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Costs incurred by IHEs for, or in support of, alumni activities are unallowable.