Word: indirect
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...addition to the new allegations about the University's indirect cost accounting, Rep. John D. Dingell (D--Mich.) and his House Subcommittee on Oversight and Investigations focused on more serious charges Directed at Stanford University and MIT, as well as the troubled condition of the government's over sight system...
...particular, the Medical School's high indirect cost rate drew some hostile questions from some representatives...
...Medical School is currently negotiating with the Department of Health and Human Services (HHS) to determine a new indirect cost rate. Currently, the Medical School has a provisional rate of 88 percent, which means the University can claim up to 88 cents in indirect cost reimbursement for every dollar spent on grant research...
...earlier this year, HHS proposed to slash the Medical School's indirect rate to less than 65 percent, a move that would cost the school $6 million a year. The Medical School is appealing the decision...
...Office of Management and Budget order will cap administrative cost reimbursement, a significant portion of indirect cost recovery, at 26 percent of direct costs. This cap, effective next July, will translate into a $2 million loss for the Medical School, according to the school's newsletter