SPA staff estimate that these new rates will yield an additional four to five million dollars over the life of the multi-year agreement. The new rate agreement encompasses four fiscal years from 2000 through 2003. There are, however, indications that federal agencies are beginning to awaken to the understanding of the damage that such a stance inflicts on the nation's research infrastructure.
Federal rules allow institutions to recover costs at the rates in effect at the time of award.
Finally, note that Instruction activities are not affected since the rate remains unchanged. If you have questions, please call your grant administrator.