§50.503. Policy.
42 C.F.R. § 50.503
It is the policy of the Secretary that program funds which are utilized for the acquisition of drugs be expended in the most economical manner feasible. In furtherance of this policy, the Secretary has established, in 45 CFR part 19, a procedure for determining the Maximum Allowable Cost for drugs which are purchased with program funds.
Notes, amendments, and revision history
Authority
Authority: Sec. 215, Public Health Service Act, 58 Stat. 690 (42 U.S.C. 216).
Source
Source: 40 FR 34514, Aug. 15, 1975, unless otherwise noted.
Authority
Authority: Sec. 215, Public Health Service Act, 58 Stat. 690 (42 U.S.C. 216); Sec. 1006, Public Health Service Act, 84 Stat. 1507 (42 U.S.C. 300a-4), unless otherwise noted.
Source
Source: 43 FR 52165, Nov. 8, 1978, unless otherwise noted.