Allowable Costs definition

Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.

Allowable Costs has the same meaning as in 44 Ill. Admin. Code Part 7000. “Award” has the same meaning as in 44 Ill. Admin. Code Part 7000. “Budget” has the same meaning as in 44 Ill. Admin. Code Part 7000.

Allowable Costs means the price a prudent, cost-conscious buyer would pay a willing seller for goods or services in an arm’s-length transaction, not to exceed the limitations set out in rules.

Examples of Allowable Costs in a sentence

• Allowable costs are identified in referenced Uniform Guidance and Code of Federal Regulations (CFR).

• Allowable costs under this Agreement must meet the following general criteria: • Be generally recognized and necessary for the provision of services identified in this Agreement.

• Allowable costs and expenses are salary, fringe, and travel for three regional (headquartered in Rome, Macon, and Brunswick district offices) staff to educate the public, community leaders, and local officials regarding exposure to hazardous chemicals in air, water, and soil in defined regions of the State.

• Allowable costs under this Agreement must meet the following general criteria: • Be generally recognized and necessary for the operation of the Contractor's organization.

• Allowable costs shall be in compliance with 2 CFR 200 Subpart E “General Provisions for Selected Items of Cost”.

More Definitions of Allowable Costs

Allowable Costs means costs associated with DHS Programs which are reimbursable from DHS funds. Allowable Costs include expenses that are (1) necessary and related to the provision of Program services, (2) reasonable to the extent that a given cost is consistent with the amount paid by similar agencies for similar services, (3) not specified as unallowable, and (4) not illegal. Research expenses may be considered Allowable Costs if Prior Approval is received from DHS. (89 Ill. Adm. Code §509.20(a))

Allowable Costs means the costs described in 2 CFR Part 200 or 45 CFR Part 75, as applicable, except to the extent such costs are limited or excluded by other provisions of this Agreement, whether in the applicable Program Element Descriptions, the Special Terms and Conditions, the Financial Assistance Award, or otherwise.

Allowable Costs means the costs described in 2 CFR Part 200 or 45 CFR Part 75, as applicable, except to the extent such costs are limited or excluded by other provisions of this Agreement, whether in the applicable Service Descriptions, Specialized Service Requirements, Special Conditions identified in the Financial Assistance Award, or otherwise.

Allowable Costs means those costs directly attributable to the program as jointly determined by the Michigan talent investment agency and the department.

Allowable Costs. Reported costs shall be allowable and reasonable as defined in federal statutes and regulations including 45 CFR Part 74, 45 CFR Part 1356, and in California CDSS MPP Section 11-402.8.

Allowable Costs has the same meaning as in 44 Ill. Admin. Code 7000.30.

Allowable Costs means Medicare allowable costs as defined by 42 U.S.C. 1395(f).