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

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.

-----------------------------------------------------------------------

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: (202) 358-0478.

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, (202) 783-3238. 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:

----------------------------------------------------------------------

(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.

* * * * *

[FR Doc. 94-18536 Filed 7-29-94; 8:45 am]

BILLING CODE 7510-01-M