6-month review of new billing system produced the following change in annual cap rates:

After the 6 month review of utilization and revenues with the new rate schedule, We are adjusting the annual cap to account for additional users per project as:

$15k annual cap for first researcher on the project
$7,500 for second additional researcher on the same project
$3,750 for the third researcher
$1,000 for each additional researcher

For any researchers who capped out prior to December 2014, the prior cap will apply through the end of December 2014.  All hourly lab expenditures from FY15 (beginning July 1, 2014) will apply toward the new cap.