3015.192—Institutions of higher education.
(a)
OMB Circular No. A-21, including any amendments to the Circular published in the Federal Register by OMB, shall be used in determining the allowable costs of activities conducted by institutions of higher education (other than for-profit institutions).
(b)
Additional amendments to the Circular, unless otherwise prescribed by OMB, shall go into effect at the start of an institution's first fiscal year following the amendment's publication in the Federal Register.