Pub. L. 92-540, tit. IV, sec. 411

Sec. 411. Subsection (b) of section 1774 of title 38, United States Code, is amended to read as follows: 86 Stat. 1093 “(b) The allowance for administrative expenses incurred pursuant to subsection (a) of this section shall be paid in accordance with the following formula: Total salary cost reimbursable under this section Allowance for administrative expense $5,000 or less $500. Over $5,000 but not exceeding $10,000 $900. Over $10,000 but not exceeding $35,000 $900 for the first $10,000 plus $800 for each additional $5,000 or fraction thereof. Over $35,000 but not exceeding $40,000 $5,250. Over $40,000 but not exceeding $75,000 $5,250 for the first $40,000 plus $700 for each additional $5,000 or fraction thereof. Over $75,000 but not exceeding $80,000 $10,450. Over $80,000 $10,450 for the first $80,000 plus $600 for each additional $5,000 or fraction thereof.