Word: gao
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...ruling by the General Accounting Office (GAO) marked an important step in resolving year-old charges that the National Institute of Education (NIE) played favorites by awarding the money to Harvard over Bank St. College of New York...
...squashing Bank St.'s complaints, the GAO ruled that the regulations governing the competition were matters of internal policy guidance--not law--and hence not grounds for disallowing the contract. Bank St. has vowed, to appeal, but time rolls on and Harvard's new center will soon move into its second year of operation...
...Gearing-class destroyers to foreign countries (Taiwan, Greece, Mexico, South Korea, Turkey and Pakistan) in 1981 and '82 for a total of $5.2 million. But, says the General Accounting Office, the ships should have been valued at $36.4 million. They were mistakenly sold at "scrap value," says the GAO, instead of for the "fair value" price...
Chairman of the House Subcommittee on Intergovernmental Relations and Human Resources Rep. Ted S. Weiss (D.N.Y.) represents Bank St.'s district and is also planning to have the committee review the GAO's ruling. An aide for Weiss said the congressman suspects that the college may be right and that the regulations should be considered binding...
...will be several months before the committee releases its positions on the GAO ruling, the aide said...