49 U.S.C. § 40126 — Severable services contracts for periods crossing fiscal years
submitted 26 years ago by Pub. L. 106-181 to r/title-49-TRANSPORTATION · 88 words · no verdicts yet
The FAA Administrator may sign a services contract spanning two fiscal years. The contract period, not counting extensions, cannot be longer than one year. Money set aside for one fiscal year can pay for the contract's full cost.
(a) In General.
The FAA Administrator can enter into a contract for services that can be split into separate parts (called "severable services"). This contract can start in one fiscal year and end in the next. The rule: not counting any option to extend the contract, the contract period cannot be longer than one year.
(b) Obligation of Funds.
Money that Congress sets aside for a fiscal year can be used to pay for the whole contract, even though the contract runs into the next fiscal year.
The Administrator of the Federal Aviation Administration may enter into a contract for procurement of severable services for a period that begins in 1 fiscal year and ends in the next fiscal year if (without regard to any option to extend the period of the contract) the contract period does not exceed 1 year.
Funds made available for a fiscal year may be obligated for the total amount of a contract entered into under the authority of subsection (a).
Source credit: (Added Pub. L. 106–181, title VII, § 705(a), Apr. 5, 2000, 114 Stat. 157.)
- 2000Enacted · Pub. L. 106-181 · 114 Stat. 157
A history note hasn’t been published yet. The record shows enactment by Pub. L. 106-181 on 2000-04-05.
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