49 U.S.C. § 40126

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)
Section 40126 - Severable services contracts for periods crossing fiscal years
(a) IN GENERAL.-The Administrator of the Federal Aviation Administration may enter into a contract for procurement of severable services for a period that begins in 1 fiscal year and ends in the next fiscal year if (without regard to any option to extend the period of the contract) the contract period does not exceed 1 year.
(b) OBLIGATION OF FUNDS.-Funds made available for a fiscal year may be obligated for the total amount of a contract entered into under the authority of subsection (a).

49 U.S.C. § 40126

Added Pub. L. 106-181, title VII, §705(a), Apr. 5, 2000, 114 Stat. 157.

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATESection applicable only to fiscal years beginning after Sept. 30, 1999, see section 3 of Pub. L. 106-181 set out as an Effective Date of 2000 Amendments note under section 106 of this title.