Source: https://www.law.cornell.edu/uscode/text/16/831h
Timestamp: 2017-05-30 06:06:24
Document Index: 749157395

Matched Legal Cases: ['§ 831', '§\u202f831', '§\u202f9', '§\u202f14', '§\u202f1', '§\u202f5', '§\u202f5', '§\u202f9', '§\u202f8', '§\u202f603', '§\u202f4', '§\u202f603', '§\u202f603', '§\u202f603', '§\u202f1402', '§\u202f7501']

16 U.S. Code § 831h - Annual financial statement; purchases and contracts; audit by Comptroller General | US Law | LII / Legal Information Institute
§ 831h.
Annual financial statement; purchases and contracts; audit by Comptroller General
All purchases and contracts for supplies or services, except for personal services, made by the Corporation, shall be made after advertising, in such manner and at such times sufficiently in advance of opening bids, as the Board shall determine to be adequate to insure notice and opportunity for competition: Provided, That advertisement shall not be required when, (1) an emergency requires immediate delivery of the supplies or performance of the services; or (2) repair parts, accessories, supplemental equipment, or services are required for supplies or services previously furnished or contracted for; or (3) the aggregate amount involved in any purchase of supplies or procurement of services does not exceed $25,000; in which cases such purchases of supplies or procurement of services may be made in the open market in the manner common among businessmen: Provided further, That in comparing bids and in making awards the Board may consider such factors as relative quality and adaptability of supplies or services, the bidder’s financial responsibility, skill, experience, record of integrity in dealing, ability to furnish repairs and maintenance services, the time of delivery or performance offered, and whether the bidder has complied with the specifications.
(May 18, 1933, ch. 32, § 9, 48 Stat. 63; Aug. 31, 1935, ch. 836, § 14, 49 Stat. 1080; Nov. 21, 1941, ch. 485, 55 Stat. 775; Aug. 30, 1954, ch. 1076, § 1 (32), 68 Stat. 968; Pub. L. 93–356, § 5, July 25, 1974, 88 Stat. 390; Pub. L. 94–273, § 5(1), Apr. 21, 1976, 90 Stat. 377; Pub. L. 98–191, § 9(d), Dec. 1, 1983, 97 Stat. 1332; Pub. L. 108–271, § 8(b), July 7, 2004, 118 Stat. 814; Pub. L. 108–447, div. C, title VI, § 603(a)(2), (b), Dec. 8, 2004, 118 Stat. 2966.)
In subsec. (c), “sections 3526(a) and 3702(a) of title 31” substituted for “section 236, Revised Statutes, as amended by section 305 of the Budget and Accounting Act, 1921 (42 Stat. 24 [31 U.S.C. 71])” on authority of Pub. L. 97–258, § 4(b), Sept. 13, 1982, 96 Stat. 1067, the first section of which enacted Title 31, Money and Finance.
2004—Subsec. (a). Pub. L. 108–447, § 603(a)(2), substituted “Board” for “board”.
Subsec. (b). Pub. L. 108–447, § 603(b), designated second and third pars. as subsecs. (c) and (d), respectively.
Pub. L. 108–271, in second par., substituted “Government Accountability Office” for “General Accounting Office” wherever appearing.
Subsecs. (c), (d). Pub. L. 108–447, § 603(b), designated second and third pars. of subsec. (b) as subsecs. (c) and (d), respectively, and inserted headings.
1983—Subsec. (b)(3). Pub. L. 98–191 substituted “$25,000” for “$10,000”.
1976—Subsec. (a). Pub. L. 94–273 substituted “March” for “December”.
1974—Subsec. (b)(3). Pub. L. 93–356 substituted “$10,000” for “$500”.
1954—Subsec. (b). Act Aug. 30, 1954, in second paragraph, repealed a sentence requiring the Comptroller General to make special reports of any transactions or conditions found to be in conflict with the powers or duties entrusted to the Tennessee Valley Authority by law, such provision now being covered by section 9101 et seq. of Title 31, Money and Finance.
1941—Subsec. (b). Act Nov. 21, 1941, inserted last paragraph and last sentence of next to last paragraph.
1935—Subsec. (b). Act Aug. 31, 1935, amended subsec. (b) generally.
For termination, effective May 15, 2000, of provisions of law requiring submittal to Congress of any annual, semiannual, or other regular periodic report listed in House Document No. 103–7 (in which certain reporting requirements under subsec. (a) of this section are listed in item 3 on page 193), see section 3003 of Pub. L. 104–66, as amended, and section 1(a)(4) [div. A, § 1402(1)] of Pub. L. 106–554, set out as notes under section 1113 of Title 31, Money and Finance.
Tennessee Valley Authority audits unaffected by single audit requirements of chapter 75 (§ 7501 et seq.) of Title 31, Money and Finance, see section 2(b) of Pub. L. 98–502, set out as a note under section 7501 of Title 31.