Facilities and Administrative/Indirect Cost Rates:
OSP and Contract and Grant Accounting will facilitate application of the 2015-19 rate agreement based on the following:
- We strongly encourage everyone to begin using the new rates in all proposals for new awards but will not require use of the new rates if the proposal is due before 10/1/15.
- While the University is allowed to apply the new rate agreement to any new awards or competitive segments received after 9/30/14, when we entered into a provisional rate period, we will not require anyone to charge the new rates to an award or continuation made based on a proposed budget that used the old, lower rates.
- When an award does use the new rate agreement, the higher rate will be applied to expenditures charged after 9/30/15.