[Federal Register Volume 59, Number 146 (Monday, August 1, 1994)] [Unknown Section] [Page 0] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 94-18536] [[Page Unknown]] [Federal Register: August 1, 1994] ======================================================================= ----------------------------------------------------------------------- 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