§253l. Severable services contracts for periods crossing fiscal years
(a) Authority
The head of an executive agency may enter into a contract for procurement of severable services for a period that begins in one 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 one 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) of this section.
(June 30, 1949, ch. 288, title III, §303L, as added
Amendments
1996-
Effective Date of 1996 Amendment
Section 4321(a) of
Effective Date
For effective date and applicability of section, see section 10001 of
Section Referred to in Other Sections
This section is referred to in sections 253l–1, 253l–2 of this title.