41 USC 253l: Severable services contracts for periods crossing fiscal years
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41 USC 253l: Severable services contracts for periods crossing fiscal years Text contains those laws in effect on January 4, 1995
From Title 41-PUBLIC CONTRACTSCHAPTER 4-PROCUREMENT PROCEDURESSUBCHAPTER IV-PROCUREMENT PROVISIONS
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§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 Oct. 13, 1994, Pub. L. 103–355, title I, §1073, 108 Stat. 3271 .)

Effective Date

For effective date and applicability of section, see section 10001 of Pub. L. 103–355, set out as an Effective Date of 1994 Amendment note under section 251 of this title.