Added by Stats. 2024, Ch. 83, Sec. 2. (SB 867) Approved in Proposition 4 at the November 5, 2024, election. Effective November 6, 2024.
For grants awarded for projects under this division, the administering agency may, when awarding a grant, reimburse the grantee’s indirect costs. When reimbursing a grantee for indirect costs, the administering agency shall apply one of the following rates as requested by the grantee:
(a)The grantee’s negotiated indirect cost rate pursuant to its negotiated indirect cost rate agreement.
(b)The de minimis indirect cost rate specified in Part 200 of Title 2 of the Code of Federal Regulations.
(c)A rate negotiated by the grantee with another state agency within the last five years.
(d)A rate proposed by the grantee in the grantee’s program application with the administering state agency if the grantee does not have an existing state rate.
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