41-001 INDIRECT COST (POLICY) a. The Oglala Lakota College shall have an indirect cost allocation plan or a negotiated indirect cost rate approved by the grantor agencies. b. The plan shall be prepared in accordance with the provisions of OMB Circular A-122. c. Audit cognizance for the plan shall be established, and the rates accepted by all participating federal and state agencies. d. The Oglala Lakota College shall have procedures that provide reasonable assurance that consistent treatment is applied in the distribution of charges as direct or indirect costs to all awards or grants.
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