(a) Contracts that refer to this subpart 31.3 for determining allowable costs under contracts with educational institutions shall be deemed to refer to, and shall have the allowability of costs determined by the contracting officer in accordance with, the revision of OMB Circular A-21 in effect on the date of the contract.
(b) Agencies are not expected to place additional restrictions on individual items of cost.
Title 48 published on 2014-10-01
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