94-18536. NASA Federal Acquisition Regulation (FAR) Supplement, Government- Owned/Contractor-Held Property; Reporting Period and Due Date

[Federal Register Volume 59, Number 146 (Monday, August 1, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-18536]


[[Page Unknown]]

[Federal Register: August 1, 1994]


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NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

48 CFR Parts 1845 and 1852

 

NASA Federal Acquisition Regulation (FAR) Supplement, Government-
Owned/Contractor-Held Property; Reporting Period and Due Date

AGENCY: Office of Procurement, Procurement Policy Division, National 
Aeronautics and Space Administration (NASA).

ACTION: Interim rule.

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SUMMARY: NASA has revised the NASA FAR Supplement to change the 
reporting period and due date for reports of Government-Owned/
Contractor-Held property from June 30 and July 31, respectively, to 
September 30 and October 31, respectively. This regulation is issued as 
an interim rule to avoid unnecessary work by contractors to comply with 
the present reporting requirements and to ensure that new awards 
reflect the revised requirements.

DATES: Effective Date: This interim rule is effective August 1, 1994. 
Comments: Comments are due on or before September 30, 1994.

ADDRESSES: Comments should be addressed to Tom O'Toole, NASA 
Headquarters, Office of Procurement, Procurement Policy Division (Code 
HP), Washington, DC 20546.

FOR FURTHER INFORMATION CONTACT:
Tom O'Toole, telephone: [phone].

SUPPLEMENTARY INFORMATION:

Background

    The NASA FAR Supplement currently requires contractors to submit an 
annual report on Government-Owned/Contractor-Held property. The 
reporting period and report due date, however, are not on a fiscal year 
basis, thereby creating an inconsistency with other financial data 
reported on a fiscal year basis. This FR notice changes the inventory 
report and due date to a fiscal year basis.

Availability of NASA FAR Supplement

    The NASA FAR Supplement, of which this regulation will become a 
part, is codified in 48 CFR, chapter 18, and is available in its 
entirety on a subscription basis for the superintendent of Documents, 
Government Printing Office, Washington, DC 20402, [phone]. Cite 
GPO Subscription Stock Number 933-003-00000-1. It is not distributed to 
the public, whether in whole or in part, directly by NASA.

Impact

    NASA certifies that this interim rule will not have a significant 
economic effect on a substantial number of small entities within the 
meaning of the Regulatory Flexibility Act (5 U.S.C. 601 et seq.). The 
reporting or recordkeeping requirements subject to the Paperwork 
Reduction Act are approved under OMB control number 2700-0017 through 
October 31, 1996.

List of Subjects in 48 CFR Parts 1845 and 1852

    Government procurement.
Tom Luedtke,
Deputy Associate Administrator for Procurement.

    Accordingly, 48 CFR parts 1845 and 1852 are amended as follows.
    1. The authority citation for 48 CFR parts 1845 and 1852 continues 
to read as follows:

    Authority: 42 U.S.C. 2473(c)(1).

PART 1845--GOVERNMENT PROPERTY

    2. In section 1845.7101-3, paragraph (b) is revised to read as 
follows:


1845.7101-3  Submission of reports.

* * * * *
    (b) The contractor shall submit the original and three copies of 
NASA Form 1018 for the period ending September 30 in accordance with 
the clause not later than October 31 of each year, when reporting is 
required annually. The original report shall be submitted directly to 
the installation Financial Management Officer and three copies shall be 
sent concurrently to the cognizant property administrator. When more 
frequent reporting is required, the due date shall not be later than 
the last day of the month following the period being reported. The 
reporting requirement shall not be less frequently than annually; in 
all cases a report shall be required as of September 30.
* * * * *

PART 1852--SOLICITATION PROVISIONS AND CONTRACT CLAUSES

    3. In section 1852.245-73, the reference ``(MAR 1989)'' after the 
clause title only is revised to read ``(July 1994)'', and paragraphs 
(b) and (c) are revised to read:


1852.245-73  Financial reporting of government-owned/contractor-held 
property.

* * * * *
    (b) If administration of this contract has been delegated to the 
Department of Defense, the original of NASA Form 1018 shall be 
submitted to the NASA installation Financial Management Officer and 
three copies shall be sent concurrently through the DOD Property 
Administrator to the NASA office identified below. If the contract is 
administered by NASA, the original of N.F. 1018 shall be submitted to 
the installation Financial Management Officer, and three copies shall 
be sent concurrently to the following NASA office:
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(Insert the address and office code of the organization within the 
installation responsible for control and distribution of the NF 1018.)
    (c) The annual reporting period shall be from October 1 of each 
year to September 30 of the following year. The report shall be 
submitted by October 31.
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[FR Doc. 94-18536 Filed 7-29-94; 8:45 am]
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