[Federal Register Volume 64, Number 208 (Thursday, October 28, 1999)]
[Proposed Rules]
[Page 58282]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-27993]
[[Page 58281]]
_______________________________________________________________________
Part V
Department of Defense
General Services Administration
National Aeronautics and Space Administration
_______________________________________________________________________
48 CFR Parts 28 and 52
Federal Acquisition Regulation; Increased Payment Protection;
Withdrawal of Proposed Rule
Federal Register / Vol. 64, No. 208 / Thursday, October 28, 1999 /
Proposed Rules
[[Page 58282]]
DEPARTMENT OF DEFENSE
GENERAL SERVICES ADMINISTRATION
NATIONAL AERONAUTICS AND SPACE ADMINISTRATION
48 CFR Parts 28 and 52
[FAR Case 98-014]
RIN 9000-AI21
Federal Acquisition Regulation; Increased Payment Protection
AGENCIES: Department of Defense (DoD), General Services Administration
(GSA), and National Aeronautics and Space Administration (NASA).
ACTION: Withdrawal of proposed rule.
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SUMMARY: The Civilian Agency Acquisition Council and the Defense
Acquisition Regulations Council (Councils) agreed to withdraw FAR Case
98-014, Increased Payment Protection, in light of the recent enactment
of the Construction Industry Payment Protection Act of 1999, Public Law
106-49. The proposed rule was published in the Federal Register at 63
FR 71711, December 29, 1998.
FOR FURTHER INFORMATION CONTACT: The FAR Secretariat, Room 4035, GS
Building, Washington, DC 20405, (202) 501-4755 for information
pertaining to status or publication schedules. For clarification of
content, contact Mr. Jack O'Neill, Procurement Analyst, at (202) 501-
3856. Please cite FAR case 98-014, withdrawal.
SUPPLEMENTARY INFORMATION:
A. Background
The rule which was published in the Federal Register at 63 FR
71711, December 29, 1998, proposed to increase the required penal
amount of payment bonds on construction contracts over $6,250,000 and
to allow the contracting officer to increase the amount of any payment
bond or alternative payment protection to an amount not to exceed the
contract price, if the contracting officer decides that a greater
amount is appropriate.
Due to the recent enactment of the Construction Industry Payment
Protection Act of 1999, Public Law 106-49, this rule is being withdrawn
and proposed changes will be overtaken by the revisions and regulatory
changes that will result from the legislation.
List of Subjects in 48 CFR Parts 28 and 52
Government procurement.
Dated: October 21, 1999.
Edward C. Loeb,
Director, Federal Acquisition Policy Division.
[FR Doc. 99-27993 Filed 10-27-99; 8:45 am]
BILLING CODE 6820-EP-P
