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Committee approves temporary change to nonprofit indirect‑cost reimbursement rate and commissions multi‑year DBM study
Summary
The Health and Government Operations Committee approved amendments to House Bill 300 to increase certain nonprofit indirect‑cost reimbursements to the federal de minimis rate or 15% (whichever is greater) and ordered a Department of Budget and Management study of nonprofit indirect costs for large recipients.
The Health and Government Operations Committee on Friday advanced House Bill 300, which raises the minimum indirect‑cost reimbursement rate for nonprofit organizations receiving certain state grants or contracts to the greater of the federal de minimis rate established in federal regulations (currently 15%) or 15 percent and adds a reporting requirement for the Department of Budget and Management (DBM).
Committee staff described two amendment sets: one adopted in subcommittee that made the bill an…
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