AB880 would regulate indirect cost reimbursement for state grants and contracts
Summary
AB880 proposes changes to how the state handles payment of claims and reimbursement of indirect costs for grantees and contractors. The bill has advanced to third reading in the California Legislature, indicating likely passage. If enacted, it could affect how consultants and contractors recover overhead and indirect costs on CAHSR-related grants and contracts.
Details
Firms with existing or pending CAHSR contracts and grants should monitor this bill to assess whether changes to indirect cost recovery rules will affect their contract pricing and financial projections.
Potential change in how indirect costs are reimbursed to consultants and contractors on state-funded contracts, including HSR-related work
California Legislature State of California California High-Speed Rail Authority (inferred) Contractors and grantees receiving state funds
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