1. (a) "Indirect costs," as used in §62.47(a)(8) of this chapter, is defined as any cost not directly identified with a single, final cost objective, but identified with two or more final cost objectives or with at least one intermediate cost objective. For additional guidelines on "indirect costs," entities should consult UGMS.
2. (b) The OAG will not allow indirect costs unless the organization submits a cost allocation plan approved by a cognizant agency and the costs are approved by the OAG.
3. (c) The OAG reserves the right to limit indirect costs charged to a contract regardless of an applicant's cost allocation plan.

Source Note:The provisions of this §62.55 adopted to be effective August 31, 2005, 30 TexReg 4969.