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Comments on Use of Income Generated Under Grant-financed Activities

B-154996 Published: Nov 05, 1969. Publicly Released: Nov 05, 1969.
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Highlights

GAO commented on the National Science Foundation's (NSF) policy of handling income generated under grant-financed activities, in particular under course content improvement grants. NSF initiated action to discontinue the practice of crediting such income to NSF's appropriation and has revisions to its policy governing the disposition of income, which are intended to preclude the improper augmentation of appropriated funds.

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