The Department of Energy on Thursday rolled out funding caps on for some grants recipients, a move that the agency says will save U.S. taxpayers $935 million annually.
DOE will now limit “indirect costs” of department funding to 10 percent for grants to state and local governments and 15 percent for nonprofit and for-profit companies.
In a press release, Energy Secretary Chris Wright said the decision will limit DOE funding for salaries, facility upgrades and other costs.
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“We are increasing accountability of taxpayer dollars and ensuring the American people are getting the greatest value possible from these DOE programs,” Wright said.
