Payment of reimbursable indirect costs in cost-type research and development contracts with educational institutions

A cost-type research and development contract (including a grant) with a university, college, or other educational institution may provide for payment of reimbursable indirect costs on the basis of predetermined fixed-percentage rates applied to the total of the reimbursable direct costs incurred or to an element of the total of the reimbursable direct costs incurred. (Pub. L. 111–350, § 3, Jan. 4, 2011, 124 Stat. 3799.) Historical and Revision Notes Revised Section Source (U.S. Code) Source (Statutes at Large) 4708 41:254a. Pub. L. 87–638, Sept. 5, 1962, 76 Stat. 437. The words “On and after September 5, 1962” are omitted as obsolete.