N.M. Code R. § 9.2.20.7 - DEFINITIONS

As used in this part, "indirect cost" means a cost that has been incurred for common or joint purposes and benefits more than one (1) activity, such as an intergovernmental agreement or grant. Indirect costs cannot be readily identified with a particular activity without effort disproportionate to the results achieved.

Notes

N.M. Code R. § 9.2.20.7

9.2.20.7 NMAC - N, 5/31/2001 Adopted by New Mexico Register, Volume XXVI, Issue 12, June 30, 2015, eff. 6/30/2015