Purpose

The Indirect Cost Account shall be expended by appropriation by law for the following purposes: (a) Training such as Continuing Professional Education Credits, CPE. (b) Negotiating and Administering the government of Guam’s indirect cost rate. (c) Purchasing of Supplies and Equipment associated with Negotiating and Administering the government of Guam’s indirect cost rate. (d) Automated budget development and maintenance. (e) General Operations for the agencies stipulated in § 221504, Article 15, Chapter 22 of Title 5. SOURCE: Added by P.L. 29-113:VI:62 (Sept. 30, 2008).Amended by P.L. 30-055:XII:1 (Sept. 4, 2009), P.L. 30-196:XII:1 (Sept. 1, 2010).