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U.S. Department of Education: Promoting Educational Excellence for all Americans

The definition of excess costs in Sec. 300.16 has been revised to clarify that the computation of excess costs may not include capital outlay and debt service. In addition, a new "Appendix A to Part 300--Excess Cost Calculation" has been added to provide a description (and an example) of how to calculate excess costs under the Act and these regulations.