Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Bill would raise minimum allowable indirect cost rate on state grants from 10% to 15% to align with federal change
Summary
House Bill 300 would increase the state floor for reimbursable indirect (overhead) costs on state grants and contracts from 10% to 15%, mirroring a federal Office of Management and Budget change; nonprofit witnesses said 15% remains modest but would reduce pressure to subsidize state contracts from philanthropy or unrestricted funds.
House Bill 300 would raise the state minimum de minimis indirect cost rate that nonprofits can charge on state grants and contracts from 10% to 15%, aligning state policy with a 2024 revision to the federal Uniform Guidance that set the federal de minimis at 15%.
Why it matters: Nonprofits told the committee that 10% indirect reimbursement often fails to cover shared administrative costs — rent, HR, finance, IT, insurance —…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
