previous sectionprevious section  |  Table of Contents  |  next sectionnext section

Other Reporting Requirements

Debt Collection Improvement Act of 1996
Net Accounts Receivable totaled $1,236,891 at September 30, 1999. Of that amount, $974,504 was receivable from other federal agencies. The remaining $262,387 was receivable from the public. NSF fully participates in the Department of the Treasury Cross-Servicing Program. In accordance with the Debt Collection Improvement Act, this program allows NSF to refer debts that are delinquent more than 180 days to the Department of the Treasury for appropriate action to collect those accounts.

Civil Monetary Penalty Act
There were no Civil Monetary Penalties assessed by NSF during the relevant financial statement reporting period.

Prompt Payment Act
NSF continues to strive for the highest levels of electronic fund transfers (EFT) payments required by the Debt Collection Improvement Act. All payroll, vendor, and grantee payment transactions in 1999 were made by EFT. Only payments made to foreign banks were made by paper check.

Patents and Inventions Resulting From NSF Support
Beginning this year, the NSF annual Accountability Report will also serve as the Foundationís Annual Report. The following information about inventions is being reported in compliance with Section 3(f) of the National Science Foundation Act of 1950, as amended [42 U.S.C. 1862(f)]: In FY 1999, the Foundation received 293 invention disclosures. Rights to these inventions were allocated in accordance with Chapter 18 of Title 35 of the United States Code, commonly called the "Bayh-Dole Act."

 
previous sectionprevious section  |  Table of Contents  |  next sectionnext section