Unrecovered Indirect Cost Law and Legal Definition

Pursuant to 49 CFR 19.2 [Title 49 – Transportation; Subtitle A -- Office of the Secretary of Transportation; Part 19 -- Uniform Administrative Requirements for Grants and Agreements with Institutions of Higher Education, Hospitals, and Other Non-Profit Organizations], unrecovered indirect cost means “the difference between the amount awarded and the amount which could have been awarded under the recipient's approved negotiated indirect cost rate.”