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094303 1 (1979-11-02)

handle is hein.gao/gaobadxjd0001 and id is 1 raw text is: 111111 STATEMENT OF 094303 ELMER B. STAATS, CHAIRMAN COST ACCOUNTING STANDARDS BOARD BEFORE THE UNITED STATES SENATE COMMITTEE ON BANKING, HOUSING AND URBAN AFFIARS .. I am appearing here today in the dual capacity of Chairman of the Cost Accounting Standards Board and Comptroller General of the United States in support of legislation to transfer the functions, standards, personnel, and records of the Cost Accounting Standards Board to the General Accounting Office, effective October 1, 1980. The House Appropriations Committee in its report on the Legislative Branch Appropriations Bill, 1980, included the following recommendation with respect to the continuance of the Board as a separate agency: The Committee believes that the Board has contributed substantially to the development of consistency and uniformity in cost accounting and that its useful life should only be prolonged sufficiently to complete the indirect cost standards. Work on these standards commenced in early 1977 and the Committee anticipates that these will be promulgated by the end of FY 1980. The authorizing committees are urged toreview the activity of the Board with the objective of placing continuing activity with an appropriate agency involving much less cost to the federal government. The Committee reduced the appropriation request from $1,800,000 to $1,300,000, and that is the amount agreed upon between the House and the Senate in the continuing resolution under which the legislative branch is funded currently. jEST DOCUMENT AVAILABLE

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