Management Fee Policy, 55152-55153 [2015-23015]

Download as PDF 55152 Federal Register / Vol. 80, No. 177 / Monday, September 14, 2015 / Notices sale, including minimum bids, royalty rates, and rental rates. DATES: Affected States may comment on the size, timing, and location of proposed EPA Sale 226 within 60 days following their receipt of the Proposed NOS. The Final NOS will be published in the Federal Register at least 30 days prior to the date of bid opening. Bid opening is currently scheduled for March 23, 2016. SUPPLEMENTARY INFORMATION: The Proposed NOS for EPA Sale 226 and a Proposed NOS Package containing information essential to potential bidders may be obtained from the Public Information Unit, Gulf of Mexico Region, Bureau of Ocean Energy Management, 1201 Elmwood Park Boulevard, New Orleans, Louisiana 70123–2394. Telephone: (504) 736– 2519. The Proposed NOS and Proposed NOS Package also are available on BOEM’s Web site at https:// www.boem.gov/Sale-226/. Agency Contact: David Diamond, Chief, Leasing Division, david.diamond@boem.gov. Dated: September 3, 2015. Abigail Ross Hopper, Director, Bureau of Ocean Energy Management. BILLING CODE 4310–MR–P NATIONAL AERONAUTICS AND SPACE ADMINISTRATION [Notice: (15–075)] Notice of Information Collection National Aeronautics and Space Administration (NASA). ACTION: Notice of information collection. AGENCY: The National Aeronautics and Space Administration, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995 (Pub. L. 104–13, 44 U.S.C. 3506(c)(2)(A)). DATES: All comments should be submitted within 30 calendar days from the date of this publication. ADDRESSES: Interested persons are invited to submit written comments regarding the proposed information collection to the Office of Information and Regulatory Affairs, Office of Management and Budget, 725 7th Street NW., Washington, DC 20543. Attention: Desk Officer for NASA. tkelley on DSK3SPTVN1PROD with NOTICES VerDate Sep<11>2014 18:15 Sep 11, 2015 Jkt 235001 Requests for additional information or copies of the information collection instrument(s) and instructions should be directed to Fran Teel, NASA PRA Officer, NASA Headquarters, 300 E Street SW., Mail Code JF000, Washington, DC 20546, (202) 358–2225 or frances.c.teel@nasa.gov. SUPPLEMENTARY INFORMATION: I. Abstract The National Aeronautics and Space Administration (NASA) Office of Diversity and Equal Opportunity, in accordance with title VII of the Civil Rights Act of 1964, the Age Discrimination Act of 1975 and 42 U.S.C. 2000e–16; 29 CFR 1614.106 and 1614.108, is authorized to collect information on issues and allegations of a complaint of discrimination based on race, color, sex (including sexual harassment, religion, national origin, disability (physical or mental), reprisal, sexual orientation, gender identity, status as a parent or genetic information. This requirement for assurance of nondiscrimination is long-standing and derives from civil rights implementing regulations. This information collection includes complaint investigations. II. Method of Collection Electronic Form. [FR Doc. 2015–23105 Filed 9–11–15; 8:45 am] SUMMARY: FOR FURTHER INFORMATION CONTACT: III. Data Title: NASA Complaint of Discrimination Form. OMB Number: 2700–XXXX. Type of review: Existing collection in use without an OMB control number. Affected Public: Individuals. Estimated Number of Respondents: 85. Estimated Annual Responses: 80 per year. Estimated Time per Response: 30 minutes. Estimated Total Annual Burden Hours: 60 hours. Estimated Total Annual Cost: $500.00. IV. Request for Comments Comments are invited on: (1) Whether the proposed collection of information is necessary for the proper performance of the functions of NASA, including whether the information collected has practical utility; (2) the accuracy of NASA’s estimate of the burden (including hours and cost) of the proposed collection of information; (3) ways to enhance the quality, utility, and clarity of the information to be collected; and (4) ways to minimize the burden of the collection of information on respondents, including automated PO 00000 Frm 00071 Fmt 4703 Sfmt 4703 collection techniques or the use of other forms of information technology. Frances Teel, NASA PRA Clearance Officer. [FR Doc. 2015–23000 Filed 9–11–15; 8:45 am] BILLING CODE 7510–13–P NATIONAL SCIENCE FOUNDATION Management Fee Policy National Science Foundation. Notice. AGENCY: ACTION: On December 30, 2014, the National Science Foundation (NSF) published at 79 FR 78497 a notice and request for comments on NSF’s revised policy on management fee. The payment of a small but appropriate management fee has been a long standing practice at NSF in limited circumstances related to the construction and operation of major facility projects. NSF has strengthened both the criteria used to establish such fees and the controls that may be necessary to ensure that uses of fees are consistent with those established criteria. These efforts resulted in the revised policy that was sent for public comment. On June 16, 2015, NSF received OMB approval under the Paperwork Reduction Act for the Large Facilities Manual (3145–0239) which included NSF’s final policy on management fee under Section 4.2.2.2. FOR FURTHER INFORMATION CONTACT: Suzanne Plimpton on (703) 292–7556 or send email to splimpto@nsf.gov. Individuals who use a telecommunications device for the deaf (TDD) may call the Federal Information Relay Service (FIRS) at 1–800–877– 8339, which is accessible 24 hours a day, 7 days a week, 365 days a year (including federal holidays). SUPPLEMENTARY INFORMATION: The following final Management Fee Policy can be found in NSF’s Large Facilities Manual: SUMMARY: 4.2.2.2 Management Fee Management fee is an amount of money paid to a recipient in excess of a cooperative agreement’s or cooperative support agreement’s allowable costs. Generally, NSF does not permit the payment of fee (profit) to organizations under financial assistance. However, a management fee may be authorized for awards in the limited circumstances of construction or operations of a large facility as the responsible organization is likely to incur certain legitimate business expenses that may not be reimbursable under the governing cost principles. NSF provides for a E:\FR\FM\14SEN1.SGM 14SEN1 tkelley on DSK3SPTVN1PROD with NOTICES Federal Register / Vol. 80, No. 177 / Monday, September 14, 2015 / Notices management fee in these limited circumstances, as appropriate, recognizing that the awardee would only incur such expenses as a result of its support of the NSF-funded activity. Prior Approval of Management Fees— A management fee proposal must be submitted to NSF that provides sufficient visibility into each expense category to identify its intended purpose. Agreement on management fee amounts shall be completed and a specific dollar amount established prior to the initiation of work under an award, or any subsequent period not authorized as part of the initial award. Any amount negotiated shall be expressly set forth in the terms and conditions of the award. Awardees may draw down the management fee in proportion to the amount incurred during the performance period. Fee established for a period longer than one year shall be subject to adjustment in the event of a significant change to the budget or work scope. The following expense categories will be used in the negotiation and award of a management fee: • Working capital necessary to fund operations under an award—An amount for working capital may be necessary to ensure a level of retained earnings available to the organization in order to secure credit and borrowing to assure the financial health of the organization. • Facilities capital necessary to acquire assets for performance—An amount for facilities capital may be necessary to allow the organization to acquire major assets and to address expenses that require immediate substantive financial outlays but that are only reimbursed through depreciation or amortization over a period of years. • Other ordinary and necessary expenses for business operations that are not otherwise reimbursable under the governing cost principles—An amount for other expenses that are ordinary and necessary but not otherwise reimbursable may be necessary to provide a reasonable allowance for management initiative and investments that will directly or indirectly benefit the NSF-funded activity. Inclusion of amounts under this category warrants careful consideration of the benefits that may be obtained when providing management fee. Examples of potential appropriate needs include expenses related to contract terminations and losses, certain appropriate educational and public outreach activities, and financial incentives to obtain and retain high caliber staff. • Prohibited Use of Management Fees—Although not an exhaustive list, VerDate Sep<11>2014 18:15 Sep 11, 2015 Jkt 235001 the following are examples of expenses that are not appropriate uses of a management fee: Æ Alcoholic beverages Æ Tickets to concerts, sporting and other events Æ Vacation or other travel for nonbusiness purposes Æ Social or sporting club memberships Æ Meals or social activities for nonbusiness purposes Æ Meals or social activities for business purposes that are so extravagant as to constitute entertainment Æ Luxury or personal items Æ Lobbying as set forth at 2 CFR 200.450 and FAR 31.205–22, as appropriate to the recipient type In addition, costs incurred under the award that are otherwise allowable under the governing cost principles must be classified as direct or indirect charges to the award and shall not be included as proposed management fee elements. Documentation Requirements on Use of Management Fees—Even though the management fee represents an amount in excess of allowable cost and is therefore not subject to the governing cost principles, NSF, as a matter of policy, has determined that review of appropriate use of such funds is necessary. Information available on actual uses of management fee previously awarded by NSF in the preceding five-year period under any award shall be included in the proposing organization’s fee proposal. As a term and condition of the award, the awardee will be required to provide information (typically annually) on the actual use(s) of the management fee. NSF will conduct reviews of this information regarding the extent to which the awardee fee proposals have proven reliable when compared with actual uses of management fee (both as to the fee amount as well as the planned uses of the fee). Unexplained failure to reasonably adhere to planned uses of fee will result in reduction of future management fee amounts under the award. Dated: September 9, 2015. Suzanne H. Plimpton, Reports Clearance Officer, National Science Foundation. [FR Doc. 2015–23015 Filed 9–11–15; 8:45 am] BILLING CODE 7555–01–P PO 00000 Frm 00072 Fmt 4703 Sfmt 4703 55153 NUCLEAR REGULATORY COMMISSION [Docket Nos. 50–336 and EA–13–188; NRC– 2015–0217] In the Matter of Dominion Nuclear Connecticut, Inc. (Millstone Power Station Unit 2) Nuclear Regulatory Commission. ACTION: Confirmatory order; issuance. AGENCY: The U.S. Nuclear Regulatory Commission (NRC) and the Dominion Nuclear Connecticut, Inc. (DNC) engaged in mediation as part of the NRC’s Alternative Dispute Resolution Program which resulted in a settlement agreement as reflected in the confirmatory order relating to Millstone Unit 2. DATES: Effective Date: August 26, 2015. ADDRESSES: Please refer to Docket ID NRC–2015–0217 when contacting the NRC about the availability of information regarding this document. You may obtain publicly-available information related to this document using any of the following methods: • Federal Rulemaking Web site: Go to https://www.regulations.gov and search for Docket ID NRC–2015–0217. Address questions about NRC dockets to Carol Gallagher; telephone: 301–415–3463; email: Carol.Gallagher@nrc.gov. For questions about this Order, contact the individual listed in the FOR FURTHER INFORMATION CONTACT section of this document. • NRC’s Agencywide Documents Access and Management System (ADAMS): You may obtain publiclyavailable documents online in the ADAMS Public Documents collection at https://www.nrc.gov/reading-rm/ adams.html. To begin the search, select ‘‘ADAMS Public Documents’’ and then select ‘‘Begin Web-based ADAMS Search.’’ For problems with ADAMS, please contact the NRC’s Public Document Room (PDR) reference staff at 1–800–397–4209, 301–415–4737, or by email to pdr.resource@nrc.gov. The ADAMS accession number for each document referenced (if it available in ADAMS) is provided the first time that a document is referenced. • NRC’s PDR: You may examine and purchase copies of public documents at the NRC’s PDR, Room O1–F21, One White Flint North, 11555 Rockville Pike, Rockville, Maryland 20852. FOR FURTHER INFORMATION CONTACT: Richard Guzman, Office of Nuclear Reactor Regulation, U.S. Nuclear Regulatory Commission, Washington, DC 20555–0001; telephone: 301–415– 1030, email: Richard.Guzman@nrc.gov. SUMMARY: E:\FR\FM\14SEN1.SGM 14SEN1

Agencies

NATIONAL SCIENCE FOUNDATION

[Federal Register Volume 80, Number 177 (Monday, September 14, 2015)]
[Notices]
[Pages 55152-55153]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-23015]


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NATIONAL SCIENCE FOUNDATION


Management Fee Policy

AGENCY: National Science Foundation.

ACTION: Notice.

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SUMMARY: On December 30, 2014, the National Science Foundation (NSF) 
published at 79 FR 78497 a notice and request for comments on NSF's 
revised policy on management fee. The payment of a small but 
appropriate management fee has been a long standing practice at NSF in 
limited circumstances related to the construction and operation of 
major facility projects. NSF has strengthened both the criteria used to 
establish such fees and the controls that may be necessary to ensure 
that uses of fees are consistent with those established criteria. These 
efforts resulted in the revised policy that was sent for public 
comment. On June 16, 2015, NSF received OMB approval under the 
Paperwork Reduction Act for the Large Facilities Manual (3145-0239) 
which included NSF's final policy on management fee under Section 
4.2.2.2.

FOR FURTHER INFORMATION CONTACT: Suzanne Plimpton on (703) 292-7556 or 
send email to splimpto@nsf.gov. Individuals who use a 
telecommunications device for the deaf (TDD) may call the Federal 
Information Relay Service (FIRS) at 1-800-877-8339, which is accessible 
24 hours a day, 7 days a week, 365 days a year (including federal 
holidays).

SUPPLEMENTARY INFORMATION: The following final Management Fee Policy 
can be found in NSF's Large Facilities Manual:

4.2.2.2 Management Fee

    Management fee is an amount of money paid to a recipient in excess 
of a cooperative agreement's or cooperative support agreement's 
allowable costs. Generally, NSF does not permit the payment of fee 
(profit) to organizations under financial assistance. However, a 
management fee may be authorized for awards in the limited 
circumstances of construction or operations of a large facility as the 
responsible organization is likely to incur certain legitimate business 
expenses that may not be reimbursable under the governing cost 
principles. NSF provides for a

[[Page 55153]]

management fee in these limited circumstances, as appropriate, 
recognizing that the awardee would only incur such expenses as a result 
of its support of the NSF-funded activity.
    Prior Approval of Management Fees--A management fee proposal must 
be submitted to NSF that provides sufficient visibility into each 
expense category to identify its intended purpose. Agreement on 
management fee amounts shall be completed and a specific dollar amount 
established prior to the initiation of work under an award, or any 
subsequent period not authorized as part of the initial award. Any 
amount negotiated shall be expressly set forth in the terms and 
conditions of the award. Awardees may draw down the management fee in 
proportion to the amount incurred during the performance period. Fee 
established for a period longer than one year shall be subject to 
adjustment in the event of a significant change to the budget or work 
scope.
    The following expense categories will be used in the negotiation 
and award of a management fee:
     Working capital necessary to fund operations under an 
award--An amount for working capital may be necessary to ensure a level 
of retained earnings available to the organization in order to secure 
credit and borrowing to assure the financial health of the 
organization.
     Facilities capital necessary to acquire assets for 
performance--An amount for facilities capital may be necessary to allow 
the organization to acquire major assets and to address expenses that 
require immediate substantive financial outlays but that are only 
reimbursed through depreciation or amortization over a period of years.
     Other ordinary and necessary expenses for business 
operations that are not otherwise reimbursable under the governing cost 
principles--An amount for other expenses that are ordinary and 
necessary but not otherwise reimbursable may be necessary to provide a 
reasonable allowance for management initiative and investments that 
will directly or indirectly benefit the NSF-funded activity. Inclusion 
of amounts under this category warrants careful consideration of the 
benefits that may be obtained when providing management fee. Examples 
of potential appropriate needs include expenses related to contract 
terminations and losses, certain appropriate educational and public 
outreach activities, and financial incentives to obtain and retain high 
caliber staff.
     Prohibited Use of Management Fees--Although not an 
exhaustive list, the following are examples of expenses that are not 
appropriate uses of a management fee:

[cir] Alcoholic beverages
[cir] Tickets to concerts, sporting and other events
[cir] Vacation or other travel for non-business purposes
[cir] Social or sporting club memberships
[cir] Meals or social activities for non-business purposes
[cir] Meals or social activities for business purposes that are so 
extravagant as to constitute entertainment
[cir] Luxury or personal items
[cir] Lobbying as set forth at 2 CFR 200.450 and FAR 31.205-22, as 
appropriate to the recipient type

    In addition, costs incurred under the award that are otherwise 
allowable under the governing cost principles must be classified as 
direct or indirect charges to the award and shall not be included as 
proposed management fee elements.
    Documentation Requirements on Use of Management Fees--Even though 
the management fee represents an amount in excess of allowable cost and 
is therefore not subject to the governing cost principles, NSF, as a 
matter of policy, has determined that review of appropriate use of such 
funds is necessary. Information available on actual uses of management 
fee previously awarded by NSF in the preceding five-year period under 
any award shall be included in the proposing organization's fee 
proposal. As a term and condition of the award, the awardee will be 
required to provide information (typically annually) on the actual 
use(s) of the management fee. NSF will conduct reviews of this 
information regarding the extent to which the awardee fee proposals 
have proven reliable when compared with actual uses of management fee 
(both as to the fee amount as well as the planned uses of the fee). 
Unexplained failure to reasonably adhere to planned uses of fee will 
result in reduction of future management fee amounts under the award.

    Dated: September 9, 2015.
Suzanne H. Plimpton,
Reports Clearance Officer, National Science Foundation.
[FR Doc. 2015-23015 Filed 9-11-15; 8:45 am]
BILLING CODE 7555-01-P

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