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Fixed Price Contracts Donald E. Artz 25 Mar 1994 12:04 EST

Upon termination, residual funds from fixed price contracts are
transferred into an account controlled by the Provost.  It is then up to
the faculty member to negotiate with the Provost for the use of these
funds.  In most cases, the PI ends up with 60% of the total transferred.
The other 40% is maintained in a reserve account, which the Provost uses
to make Research Development and Special-Use allocations to Department
Chairpersons and faculty.

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*! Donald Artz                                   !*
*!                                               !*
*! State University of New York College of       !*
*!   Environmental Science and Forestry          !*
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*! "It is a simple task to make things complex,  !*
*!  but a complex task to make them simple."     !*
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