[Federal Register Volume 59, Number 183 (Thursday, September 22, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-23500]


[[Page Unknown]]

[Federal Register: September 22, 1994]


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


OFFICE OF MANAGEMENT AND BUDGET
48 CFR Part 9903

 

Cost Accounting Standards Board; Applicability for Cost 
Accounting Standards Coverage

agency: Cost Accounting Standards Board, Office of Federal Procurement 
Policy, OMB.

action: Final rule.

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

summary: The Office of Federal Procurement Policy, Cost Accounting 
Standards Board, revised the applicability, thresholds and procedures 
for the application of Cost Accounting Standards (CAS) to negotiated 
government contracts, on Thursday, November 4, 1993 (58 FR 58798). The 
Board is taking action to avoid confusion with CAS requirements 
appearing at 48 CFR 9903.201-1, CAS applicability, and 48 CFR 9903.201-
2, Types of CAS coverage. The change addresses the current conflicting 
language that concerns contracts and subcontracts with foreign 
governments.

effective date: November 4, 1993.

for further information contact: Richard C. Loeb, Executive Secretary, 
Cost Accounting Standards Board (telephone: 202-395-3254).

supplementary information: On November 4, 1993, the CASB promulgated 
rules revising applicability, thresholds and procedures for the 
application of the CAS to negotiated government contracts. When the 
final rule was published (58 FR 58798), changes to 48 CFR 9903.201-2, 
Types of CAS coverage, were not transmitted.
    This rule serves to modify the language as it currently appears 
with respect to contracts and subcontracts with foreign governments, to 
avoid any confusion regarding CAS requirements.
    1. The authority citation for part 9903 of chapter 99 of title 48 
continues to read as follows:

    Authority: Pub. L. 100-679, 102 Stat. 4056, 41 U.S.C. Sec. 422.

PART 9903--CONTRACT COVERAGE

Subpart 9903.2--CAS Program Requirements

    2. Section 9903.201-2 is amended by revising paragraph (e) to read 
as follows:


9903.201-2  Types of CAS coverage.

* * * * *
    (e) Foreign concerns. Contracts with foreign concerns subject to 
CAS shall only be subject to Standard 9904.401, Consistency in 
Estimating, Accumulating, and Reporting Costs, and Standard 9904.402, 
Consistency in Allocating Costs Incurred for the Same Purpose.
Richard C. Loeb,
Executive Secretary, Cost Accounting Standards Board.
[FR Doc. 94-23500 Filed 9-21-94; 8:45 am]
BILLING CODE 3110-01-M