[Code of Federal Regulations]

[Title 14, Volume 5]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 14CFR1209.301]



[Page 70-71]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

                          SPACE ADMINISTRATION

 

PART 1209_BOARDS AND COMMITTEES--Table of Contents

 

                   Subpart 3_Contract Adjustment Board

 

Sec. 1209.301  Authority.



    (a) The Act of August 28, 1958 (50 U.S.C. 1431-35) (hereinafter 

referred to as ``the Act''), empowers the President to authorize 

departments and agencies exercising functions in connection with the 

national defense to enter into contracts or into amendments or 

modifications of contracts and to make advance payments, without regard 

to other provisions of law relating to the making, performance, 

amendment, or modification of contracts, whenever the President deems 

that such action would facilitate the national defense.

    (b) Executive Order No. 10789, dated November 14, 1958 (23 FR 8897), 

authorizes the Administrator, NASA, to exercise the authority conferred 

by the Act and to prescribe regulations for the carrying out of such 

authority.



[[Page 71]]



    (c) Federal Acquisition Regulation (FAR), part 50, April 1, 1985, 

and NASA/FAR Supplement 84-2, part 18-50, October 19, 1984, establishes 

standards and procedures for the disposition of requests for 

extraordinary contractual adjustments by NASA contractors.