Industrial Funding Fee in Legal Practice
1/1/2002
by: Andrew Mohr, Kelly KrollSynopsis: The General Services Administration (GSA) introduced the Industrial Funding Fee (IFF) in April of 1995 in an effort to fund certain of its operations independently of Congressional appropriations. Whether thought of as an agency user fee, inter-agency tax, or funding mechanism, the IFF serves to finance the GSA Schedules Program through sales made under contractors' GSA Schedules. The IFF has served this purpose well. The Federal Supply Service stands to derive $200 million in fees from an estimated 20 billion dollars in GSA Schedule sales in FY 2001....
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