About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

B-165731 1 (1977-12-28)

handle is hein.gao/gaobadvaf0001 and id is 1 raw text is: %888 o, . COMPTROLLER GENERA OF THE UNITED STATES WASHINGTON. D.C. 20!48 B-165 731 The Honorable Charles E. Grassley House of Representatives Dear Mr. Grassley: This is in response to your request for our opinion on whether a proposed Renegotiation Board rule change, eliminating the present exemption for contracts awarded pursuant to the Foreign Military Sales Act of 1968 (22 U.S.C. §§ 2751 et seq.) from the requirements of the Renegotiation Act, would violate the intent of Congress in appropriating $6 million to the Renegotiation Board for fiscal year 1978. Pub. L. No. 95-86, 91 Stat. 419, 439 (August 2, 1977). You point out that during floor discussion of the appropriation in question, the Chairman of the House Subcommittee on State, Justice, Commerce, and Judiciary Appropriations stated that the funds were to be used for the sole purpose of eliminating the backlog of filings pending at the Renegola- tion Board. The proposed regulatory change, however, would have the effect of increasing the Board's work load. Under the Renegotiation Act, 50 App. U.S.C. §§ 1211 et se (1970), the function of the Renegotiation Board is to eliminate excessive profits derived by private parties on contracts with the United States which are related to the national defense. Renegotiation is conducted on the basis of aggregate fiscal year receipts and accruals from sales to the Government that are subject to the Act. The provisions of the Renegotiation Act do not apply to: Any contract which the Board determines does not have a direct and -immediate connection with the national defense. The Board shall prescribe regu- lations designating those classes and types of contracts which shall be exempt under this para- grap'h; and the Board shall, in accordance with regulations prescribed by it, exempt any individual contract not falling within any such class or type if it determines that such contract does not have

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most