Indirect debt limitation
(1) “Indirect debt limit” means such limitation, in effect at the time of issuance, upon the issuance of unvoted general obligation bonds, notes, or certificates of indebtedness by a subdivision as results from a restriction on the amount of unvoted taxes which may be levied annually upon the general tax lists and duplicates.
Indirect Cost Limitation
for FY 2006 and FY 2007
The indirect costs (F & A) for awards issued on a competitive basis by CSREES using fiscal year (FY) 2006 appropriations are limited to 20 percent of the total Federal funds provided under each award, except for grants issued under the Small Business Innovation Research Program, which may receive full allowable indirect costs.