10.5.3. Appointment Process f

If a subrecipient does not have an approved F & A rate, it must either have its proposed indirect cost rate approved by NMHU or elect not to recover indirect costs. NMHU applies the OMB Circular A-21, Section G.7 "fixed rates for the life of the sponsored agreement" policy to subawards and will use the approved F&A rates authorized at the time ... ................
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