Word: caps
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Dates: during 2000-2009
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...This is regrettable because it is an arbitrary cap that replaces a standard accounting-audit-based system of determining the actual overhead it costs to produce the research that we do,” Casey said yesterday. “Establishing a uniform cap is not a policy based on sound reasoning...
...currently pending bill, congressional leaders set on Tuesday the provisional cap on indirect expenses—including administration, building upkeep, and utility costs—at 35 percent, marking an end to a nearly half-century-old tradition of negotiating these rates on an institution-by-institution basis, said Kevin Casey, Harvard’s senior director of federal and state relations...
...government is poised to cap reimbursement rates for overhead costs incurred by researchers working under Department of Defense grants—a change that could further limit funding for Harvard scientists already strapped for cash...
Casey said it would be difficult to determine the exact financial effects of the congressional cap, as it is not yet clear precisely which expenses will be subject to the cap...
...We’ve actually had some success,” he added, noting that the proposed cap had nearly doubled from 20 to 35 percent...