[Federal Register Volume 63, Number 207 (Tuesday, October 27, 1998)]
[Notices]
[Page 57332]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-28704]



[[Page 57332]]

=======================================================================
-----------------------------------------------------------------------

OFFICE OF MANAGEMENT AND BUDGET


OMB Circular A-21, Cost Principles for Educational Institutions

AGENCY: Office of Management and Budget, Executive Office of the 
President.

ACTION: Final Revision.

-----------------------------------------------------------------------

SUMMARY: The Office of Management and Budget (OMB) is adopting the 
interim final revision to OMB Circular A-21, ``Cost Principles for 
Educational Institutions,'' to allow trustees' travel expenses.

DATES: Effective November 27, 1998.

FOR FURTHER INFORMATION CONTACT: Gilbert Tran, Financial Standards and 
Reporting Branch, Office of Federal Financial Management, Office of 
Management and Budget, at (202) 395-3993. Non-Federal organizations 
should contact the organization's cognizant Federal agency. The revised 
Circular is available on the OMB Home Page at http://
www.whitehouse.gov/WH/EOP/omb, as well as from the EOP Publications 
Office at (202) 395-7332.

SUPPLEMENTARY INFORMATION: On June 1, 1998 (63 FR 29786), the Office of 
Management and Budget (OMB) issued an interim final revision to OMB 
Circular A-21, ``Cost Principles for Educational Institutions,'' to 
allow trustees' travel expenses. Only two comments were received in 
response to the interim final revision; both supported the revision. 
Accordingly, OMB is adopting in final form, without change, the interim 
final revision to Circular A-21 which was published at 63 FR 29786 on 
June 1, 1998.
Jacob J. Lew,
Director.

    OMB hereby revises Section J.50 of OMB Circular A-21 to read as 
follows:
    50. Trustees. Travel and subsistence costs of trustees (or 
directors) are allowable. The costs are subject to restrictions 
regarding lodging, subsistence and air travel costs provided in Section 
48.

[FR Doc. 98-28704 Filed 10-26-98; 8:45 am]
BILLING CODE 3110-01-P