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                            42.701 Definition.
        
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FAC Number: 2024-03 Effective Date: 02/23/2024
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Subpart42.042.142.242.342.442.542.642.742.842.942.1142.1242.1342.1542.1642.17
Section42.70042.70142.70242.70342.70442.70542.70642.70742.70842.709
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42.701 Definition.42.701 Definition.       *Billing rate*, as used in this subpart, means an indirect cost rate-(1) Established temporarily for interim reimbursement of incurred indirect costs; and                                                                     (2) Adjusted as necessary pending establishment of final indirect cost rates.    **Parent topic:**  Subpart 42.7 - Indirect Cost Rates
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