Economy Act Sample Clauses

Economy Act. In accordance with FAR 17.502-2(b), the Economy Act does not apply to task orders awarded under XXXXX under the authority of 40 U.S.C. 501.
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Economy Act. ‌ The Economy Act does not apply to Governmentwide acquisition contracts (GWACs). GWACs are multiple award Task Order or delivery order contracts used by other agencies to procure information technology products and services outside of the Economy Act. (Refer to Federal Acquisition Regulations FAR 2.101 and FAR Subpart 17.502-2(b)). The specific statutory authority 40 U.S.C. 11302(e) designates the head of one or more executive agencies, such as the US General Services Administration, as executive agent for Government-wide acquisitions of information technology.
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Economy Act. In accordance with FAR 17.500(b)(2), the Economy Act does not apply to acquisitions using Governmentwide acquisition contracts.
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Economy Act. In accordance with FAR Paragraph 17.502-2(b), the Economy Act does not apply to task orders awarded under the HCaTS contracts under the authorities of 5 U.S.C. 1304 and 40 U.S.C. 501.
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Economy Act. 9.6.1. Any federal agency requesting assistance from CAP through the Air Force must certify its request comports with the Economy Act, 31 U.S.C. § 1535, or a more specific authority when such authority is available. The appropriate Air Force approval authority (as listed in AFI 10-2701) must certify compliance with the Economy Act prior to approving performance in support of a federal agency. Absent other statutory authority, any request that does not comply with the Economy Act will not be approved.
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Economy Act. Many interagency agreements are undertaken pursuant to the provisions of the Economy Act. The Economy Act requires that an annual year appropriation obligated by an Economy Act agreement be deobligated at the end of the fiscal year to the extent that the performing agency has not performed or incurred valid obligations against the amount obligated. According to the DoD Financial Management Regulation (FMR) Volume 11A, Chapter 3, activities must reconcile the obligation status of Economy Act orders and deobligate unused funds to the extent that the servicing agency or unit filling the order has not, before the end of the period of availability of the appropriation of the requesting or ordering agency, either (1) provided the goods or services, or (2) entered into an authorized contract with another entity to provide the requested goods or services. Non Economy Act. The Office of the Under Secretary of Defense (Comptroller) Policy memorandum on Non Economy Act Orders, dated October 16, 2006, prescribes the following: • Goods. Funds provided to a performing agency for ordered goods where the appropriations period of availability expired, shall be deobligated and returned by the performing agency unless the request for goods was made during the period of availability and the items(s) could not be delivered within the period of availability solely because of delivery, production or manufacturing lead time, or unforeseen delays not previously contemplated by the contracting parties at the time of contracting. • Severable Services that are continuing and recurring in nature and provide the Department a benefit each time the service is performed permits the performance of services to begin in one fiscal year and end in the next provided the period of performance does not exceed one year. Thus, the performance of severable services may begin during the appropriation’s period of availability and may not exceed one year. Annual appropriations provided to a performing agency that have expired shall be deobligated unless the performance of the services requested began during the appropriation’s period of availability and the period of performance does not exceed one year. • Non-severable service contracts must be funded entirely with appropriations available for new obligations at the time the contract is awarded, and the period of performance may extend across fiscal years. Funds provided to a performing agency that become excess shall be deobligated as identified. • ...
Sample 1
Economy Act. Requires a determination and finding and recovery of actual costs including indirect costs unless waived by BLM-delegated authority. The expectation of this authority is that the work to be done by FWS will be funded via project-specific financial agreements developed pursuant to this MOU. The funding for each project will remain available for use by the FWS until necessary work is completed, unless otherwise stated in the project-specific agreement or required by law; and
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Related to Economy Act

  • Foreign Corrupt Practices Act None of the Company and its Subsidiaries or, to the Company’s knowledge, any director, officer, agent, employee or affiliate of the Company and its Subsidiaries or any other person acting on behalf of the Company and its Subsidiaries, has, directly or indirectly, given or agreed to give any money, gift or similar benefit (other than legal price concessions to customers in the ordinary course of business) to any customer, supplier, employee or agent of a customer or supplier, or official or employee of any governmental agency or instrumentality of any government (domestic or foreign) or any political party or candidate for office (domestic or foreign) or other person who was, is, or may be in a position to help or hinder the business of the Company (or assist it in connection with any actual or proposed transaction) that (i) might subject the Company to any damage or penalty in any civil, criminal or governmental litigation or proceeding, (ii) if not given in the past, might have had a Material Adverse Change or (iii) if not continued in the future, might adversely affect the assets, business, operations or prospects of the Company. The Company has taken reasonable steps to ensure that its accounting controls and procedures are sufficient to cause the Company to comply in all material respects with the Foreign Corrupt Practices Act of 1977, as amended.

  • Foreign Corrupt Practices Neither the Company nor any Subsidiary, nor to the knowledge of the Company or any Subsidiary, any agent or other person acting on behalf of the Company or any Subsidiary, has (i) directly or indirectly, used any funds for unlawful contributions, gifts, entertainment or other unlawful expenses related to foreign or domestic political activity, (ii) made any unlawful payment to foreign or domestic government officials or employees or to any foreign or domestic political parties or campaigns from corporate funds, (iii) failed to disclose fully any contribution made by the Company or any Subsidiary (or made by any person acting on its behalf of which the Company is aware) which is in violation of law, or (iv) violated in any material respect any provision of FCPA.

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