[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR42.705-4]

[Page 774]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 42_CONTRACT ADMINISTRATION AND AUDIT SERVICES--Table of Contents
 
                    Subpart 42.7_Indirect Cost Rates
 
Sec.  42.705-4  State and local governments.

    OMB Circular No. A-87 concerning cost principles for state and local 
governments (see subpart 31.6) establishes the cognizant agency concept 
and procedures for determining a cognizant agency for approving state 
and local government indirect costs associated with federally-funded 
programs and activities. The indirect cost rates negotiated by the 
cognizant agency will be used by all Federal agencies that also award 
contracts to these same state and local governments.