§ 205.13. How do you determine when State or Federal interest liability accrues?
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/us/cfr/t31/s§ 205.13·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)State or Federal interest liability may or may not accrue when mutually agreed to funding techniques are applied, depending on the terms of the Treasury-State agreement.
(b)We and a State may agree in a Treasury-State agreement that no State or Federal interest liability will accrue for indirect costs or indirect allocated costs based on an indirect cost rate. This indirect cost must be consistent with OMB Circular A-87 (For availability, see 5 CFR 1310.3.) and be in accordance with this subpart A. The indirect cost rate may be a Statewide indirect cost rate or a public assistance cost rate, where appropriate.
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- 5 CFR 1310.3
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§ 205.13
How do you determine when State or Federal interest liability accrues?
Cite5 CFR 1310.3
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