[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR50]

[Page 948]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 50_EXTRAORDINARY CONTRACTUAL ACTIONS--Table of Contents
 
                          Subpart 50.1_General
 
Sec.  50.101  Authority.


    (a) The Act empowers the President to authorize agencies exercising 
functions in connection with the national defense to enter into, amend, 
and modify contracts, without regard to other provisions of law related 
to making, performing, amending, or modifying contracts, whenever the 
President considers that such action would facilitate the national 
defense.
    (b) The Executive Order authorizes the heads of the following 
agencies to exercise the authority conferred by the Act and to delegate 
it to other officials within the agency: the Government Printing Office; 
the Federal Emergency Management Agency; the Tennessee Valley Authority; 
the National Aeronautics and Space Administration; the General Services 
Administration; the Defense, Army, Navy, Air Force, Treasury, Interior, 
Agriculture, Commerce, and Transportation Departments; the Department of 
Energy for functions transferred to that Department from other 
authorized agencies; and any other agency that may be authorized by the 
President.