(a) For the purposes of this subchapter, the term:
- (1) "Certified Public Accountant" means a person licensed in the District as a Certified Public Accountant in the District pursuant to 17 DCMR § 2500, et seq., or any successor regulations.
- (2) "Indirect costs" shall have the same meaning as provided in 2 C.F.R. § 200.56, or any successor regulations.
- (3) "NICRA" means a Negotiated Indirect Cost Rate Agreement that reflects an indirect cost rate negotiated between the federal government and a grant or contract awardee, which is used to calculate an awardee's compensation by federal agencies for indirect costs.
- (4) "Nonprofit organization" means an organization that is tax exempt under 26 U.S. Code § 501(c)(3), (4), or (6).
- (5) "OMB Uniform Guidance" means the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and any related guidance published by the Office of Management and Budget, located at 2 C.F.R. § 200 et seq., or any successor regulations.
History
Mar. 16, 2021, D.C. Law 23-185, § 2