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                            32.703-3 Contracts crossing fiscal years.
        
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FAC Number: 2024-03 Effective Date: 02/23/2024
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Subpart32.032.132.232.332.432.532.632.732.832.932.1032.11
Section32.70032.70132.70232.70332.70432.70532.706
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32.703-3 Contracts crossing fiscal years.32.703-3 Contracts crossing fiscal years.       (a) 						            A contract that is funded by annual appropriations may not cross fiscal years, except in accordance with statutory authorization (*e.g.,*                     41 U.S.C.6302,   31 U.S.C.1308,   42 U.S.C.2459a,   42 U.S.C.3515, and paragraph (b) of this subsection), or when the contract calls for an end product that cannot feasibly be subdivided for separate performance in each fiscal year (*e.g.,* contracts for expert or consultant services).                                          (b) The head of an executive agency, except NASA, may enter into a contract, exercise an option, or place an order under a contract for severable services for a period that begins in one fiscal year and ends in the next fiscal year if the period of the contract awarded, option exercised, or order placed does not exceed oneyear (  10 U.S.C. 3133                                          and   41 U.S.C.3902). Funds made available for a fiscal year may be obligated for the total amount of an action entered into under this authority.    **Parent topic:**  32.703 Contract funding requirements.
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