38 CFR 17.261 - Indirect costs.

§ 17.261 Indirect costs.

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]

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United States Code
U.S. Code: Title 38 - VETERANS’ BENEFITS
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