National Science Foundation's Compliance With the Inflation Adjustment Act

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Correspondence issued by the General Accounting Office with an abstract that begins "The Federal Civil Penalties Inflation Adjustment Act of 1990 required each federal agency to issue a regulation adjusting its covered maximum civil monetary penalties for inflation by October 23, 1996, and to make necessary adjustments at least once every 4 years thereafter. During its review, GAO determined that the National Science Foundation (NSF) had adjusted its maximum civil penalties more than the act permits. First, the NSF adjusted the civil penalties by 10 percent, which increased the penalty for an unintentional violation of the statue from $5,000 to ... continued below

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United States. General Accounting Office. July 26, 2002.

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Description

Correspondence issued by the General Accounting Office with an abstract that begins "The Federal Civil Penalties Inflation Adjustment Act of 1990 required each federal agency to issue a regulation adjusting its covered maximum civil monetary penalties for inflation by October 23, 1996, and to make necessary adjustments at least once every 4 years thereafter. During its review, GAO determined that the National Science Foundation (NSF) had adjusted its maximum civil penalties more than the act permits. First, the NSF adjusted the civil penalties by 10 percent, which increased the penalty for an unintentional violation of the statue from $5,000 to $5,500 and increased the penalty for an intentional violation from $10,000 to $11,000. Second, the rule noted that for violations occurring after December 31, 1997, the maximum civil penalty would be $12,000 for unintentional violations and $23,000 for intentional violations. This second adjustment accounted for all of the changes in the Consumer Price Index between June 1978 and June 1995 that had not been accounted for by the initial 10 percent increase. NSF's second adjustment is inconsistent with the act's requirements."

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Government Accountability Office Reports

The U.S. Government Accountability Office (GAO) is an independent, nonpartisan agency that works for the U.S. Congress investigating how the federal government spends taxpayers' money. Its goal is to increase accountability and improve the performance of the federal government. The Government Accountability Office Reports Collection consists of over 13,000 documents on a variety of topics ranging from fiscal issues to international affairs.

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  • July 26, 2002

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  • June 12, 2014, 7:50 p.m.

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United States. General Accounting Office. National Science Foundation's Compliance With the Inflation Adjustment Act, text, July 26, 2002; Washington D.C.. (digital.library.unt.edu/ark:/67531/metadc300552/: accessed September 20, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.