Section 31.303 - Requirements(a) Contracts that refer to this subpart 31.3 for determining allowable costs under contracts with educational institutions (defined as institutions of higher education in the OMB Uniform Guidance at 2 CFR part 200, subpart A, and 20 U.S.C. 1001 ) shall be deemed to refer to, and shall have the allowability of costs determined by the contracting officer in accordance with, the OMB Uniform Guidance at 2 CFR part 200, subpart E and appendix III, in effect on the date of the contract.(b) Agencies are not expected to place additional restrictions on individual items of cost.48 FR 42301, Sept. 19, 1983, as amended at 81 FR 45853 , July 14, 2016