[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR42.705-4]



[Page 798]

 

            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.