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FAR

FAR

FAC Number: 2026-01
Effective Date: 03/13/2026

<?xml encoding="UTF-8" ?>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.

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