Source: https://www.federalregister.gov/documents/2016/11/16/2016-27548/department-of-the-treasury-acquisition-regulations-incremental-funding-of-fixed-price
Timestamp: 2017-08-21 10:38:38
Document Index: 110714274

Matched Legal Cases: ['arts 1032', 'art 1032', 'art\n2', 'art 1032', 'art 1052', 'art 1052']

Federal Register :: Department of the Treasury Acquisition Regulations; Incremental Funding of Fixed-Price, Time-and-Material or Labor-Hour Contracts During a Continuing Resolution
A Rule by the Treasury Department on 11/16/2016
81 FR 80608
80608-80610 (3 pages)
48 CFR 1032
2016-27548
List of Subjects in 48 CFR Parts 1032 and 1052
https://www.federalregister.gov/d/2016-27548 https://www.federalregister.gov/d/2016-27548
This final rule amends the Department of Treasury Acquisition Regulation (DTAR) for the purposes of providing acquisition policy for incremental funding of Fixed-Price, Time-and-Material or Labor-Hour contracts during a continuing resolution.
The Anti-Deficiency Act, 31 U.S.C. 1341 and the FAR section 32.702, state that no officer or employee of the government may create or authorize an obligation in excess of the funds available, or in advance of appropriations unless otherwise authorized by law. A continuing resolution (CR) provides funding for continuing projects or activities that were conducted in the prior fiscal year for which appropriations, funds, or other authority was previously made available.
Each CR is governed by its specific terms. However, amounts available under a CR are frequently insufficient to fully fund contract actions that may be required during its term. No existing contract clause permits partial funding of a contract action awarded during a CR. While other strategies are available to address the need to take contract actions during a CR, these strategies—for example short-term awards—are inefficient and may have other disadvantages.
On July 12, 2016, the Department issued a proposed rule (81 FR 45118) that would establish policies and procedures in order to facilitate successful, timely, and economical execution of Treasury contractual actions during a CR. Specifically, the proposed rule would set forth procedures for using incremental funding for fixed-price, time-and-material and labor-hour contracts during a period in which funds are provided to Treasury Departmental Offices or Bureaus under a CR. Heads of contracting activities may develop necessary supplemental internal procedures as well as guidance to advise potential offerors, offerors and contractors of these policies and procedures.
The comment period for the proposed rule closed on September 12, 2016. No public comments were received. Accordingly, the Department is adopting the proposed rule without substantive change.
It is hereby certified that this rule will not have a significant economic impact on a substantial number of small entities. The rule is intended to make changes to the DTAR that would allow for improvements in continuity when Treasury funding is operating under a CR and should not have significant economic impacts on small entities.
1. The authority citation for part 1032 continues to read as follows:
End Authority Start Printed Page 80609 Start Amendment Part
2. Add subpart 1032.7 to read as follows:
1032.770
Incremental funding during a Continuing Resolution.
1032.770-1
1032.770-2
1032.770-3
1032.770-4
1032.770-5
1032.770-6
1032.770-7
3. The authority citation for part 1052 continues to read as follows:
4. Add 1052.232-70 to subpart 1052.2 to read as follows:
1052.232-70
As prescribed in 1032.770-7, insert the following clause. Contracting Start Printed Page 80610officers are authorized, in appropriate cases, to revise paragraph (a) of this clause to specify the work required under the contract, in lieu of using contract line item numbers as well as revise paragraph (c) of this clause to specify a different notification period and percentage. The 30-day period may be varied from 45, 60 to 90 days, and the 75 percent from 75 to 85 percent:
CLIN total price
Funds allotted to the CLIN
Funds required for complete funding of the CLIN
[FR Doc. 2016-27548 Filed 11-15-16; 8:45 am]