N.M. Admin. Code § 9.2.20.8

Current through Register Vol. 36, No. 1, January 14, 2025

Section 9.2.20.8 - INDIRECT COSTS

The department shall allow for indirect costs in intergovernmental agreements for services with any Indian tribal organization of up to ten percent (10%) of the total agreement amount, as requested and as determined on a specific basis, provided that the Indian tribal organization has a federally approved indirect cost rate. No indirect costs shall be allowed for capital projects.

9.2.20.8 NMAC - N, 5/31/2001

Adopted by New Mexico Register, Volume XXVI, Issue 12, June 30, 2015, eff. 6/30/2015