Section 675.33 - Allowable costs(a)(1)Allowable and unallowable costs. Except as provided in paragraph (a)(2) of this section, costs reasonably related to carrying out the programs described in § 675.32 are allowable.(2) Costs related to the purchase, construction, or alteration of physical facilities or indirect administrative costs are not allowable.(b)Federal share of allowable costs. An institution may use FWS funds, as provided in § 675.32 , to pay up to 80 percent of allowable costs.(c)Institutional share of allowable costs. An institution's share of allowable costs may be in cash or in the form of services. The institution shall keep records documenting the amount and source of its share.52 FR 45770, Dec. 1, 1987, as amended at 59 FR 61419, Nov. 30, 1994 Authority: 42 U.S.C. 2756