Exempts first $500,000 of nonresearch grants from indirect cost recovery for public institutions supporting other state agencies.

This bill amends Section 2-65-70 of the South Carolina Code to exempt the first $500,000 of nonresearch grants from indirect cost recovery for public institutions of higher learning that directly support the mission of another state agency, institution, or unit of government. Public institutions must report annually on the utilization of this exemption. The bill also outlines procedures for state agencies to recover indirect costs from federal grants and contracts, with certain exceptions.

Exempts first $500,000 of nonresearch grants from indirect cost recovery for public institutions supporting other state agencies.

This bill amends Section 2-65-70 of the South Carolina Code to exempt the first $500,000 of nonresearch grants from indirect cost recovery for public institutions of higher learning that directly support the mission of another state agency, institution, or unit of government. Public institutions must report annually on the utilization of this exemption. The bill also outlines procedures for state agencies to recover indirect costs from federal grants and contracts, with certain exceptions.