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NASA: Interest Earned on Letter of Credit Funds

NSIAD-97-241R Published: Aug 13, 1997. Publicly Released: Aug 13, 1997.
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Highlights

As part of its ongoing work on budget issues, GAO assisted in resolving a disagreement between the National Aeronautics and Space Administration (NASA) and the California Institute of Technology (Caltech).

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Bank depositsContract performanceContractor paymentsFederal procurementFunds managementInterestLetters of creditResearch and development contractsInterest earnedResearch and development