Does the Foundation receive direct federal funding through congressional appropriation?Updated 3 months ago
At the time Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) was enacted into law, Congress was aware The Appraisal Foundation® (the Foundation) was charging for Uniform Standards of Professional Appraisal Practice (USPAP®) and understood that publication revenue is a major source of income. The Foundation uses this revenue to carry out its congressionally authorized duties given the Foundation does not have any congressional appropriation.