§ 17.261. Indirect costs.
106 words·~1 min read·
/us/cfr/t38/s§ 17.261·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The grantee shall allocate expenditures as between direct and indirect costs according to generally accepted accounting procedures. The amount allocated for indirect costs may be computed on a percentage basis or on the basis of a negotiated lump-sum allowance. In the method of computation used, only indirect costs shall be included which bear a reasonable relationship to the planning or program funded by the grant and shall not exceed a percentage greater than the percentage the total institutional indirect cost is of the total direct salaries and wages paid by the institution. \[33 FR 6012, Apr. 19, 1968. Redesignated at 61 FR 21966, May 13, 1996\]