[Federal Register Volume 69, Number 133 (Tuesday, July 13, 2004)]
[Rules and Regulations]
[Pages 41935-41936]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-15734]


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NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

14 CFR Part 1260 and 1274

RIN 2700-AC79


NASA Grant and Cooperative Agreement Handbook--Property Reporting

AGENCY: National Aeronautics and Space Administration.

ACTION: Final rule.

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SUMMARY: This rule adopts as final the interim rule published in the 
Federal Register (69 FR 5016) on February 3, 2004, which amended the 
NASA Grant and Cooperative Agreement Handbook to require earlier 
submission of annual property inventory reports.
    This final rule makes additional changes to reflect the revised 
reporting date in instructions and one table which were omitted in the 
interim rule.

EFFECTIVE DATE: July 13, 2004.

FOR FURTHER INFORMATION CONTACT: Paul Brundage, NASA Headquarters, Code 
HC, Washington, DC, (202) 358-0481, e-mail: [email protected].

SUPPLEMENTARY INFORMATION:

A. Background

    The Office of Management and Budget has required NASA to complete 
its annual financial statements sooner.

[[Page 41936]]

Since recipients maintain NASA's official records for its assets in 
their possession, NASA uses the data contained in recipients' reports 
for annual financial statements and property management. As a result, 
NASA is changing the date for submission of annual Inventory Reports 
from October 31 to October 15 of each year.
    NASA published an interim rule in the Federal Register (69 FR 5016) 
on February 3, 2004. No public comments were received in response to 
the interim rule. However, the interim rule failed to revise the 
property reporting date in sections 1260.74, Property use, disposition, 
and vesting of title; 1260.75, Summary of Report Requirements; and 
1274.933. This final rule revises these dates consistent with the 
interim rule. This change is consistent with the intent and changes 
made in the interim rule and therefore, publication for public comment 
is not considered necessary.
    This final rule is not a significant regulatory action, and 
therefore, was not subject to review under Section 6(b) of Executive 
Order 12866, Regulatory Planning and Review, dated September 30, 1993. 
This final rule is not a major rule under 5 U.S.C. 804.

B. Regulatory Flexibility Act

    NASA certifies that this final rule will not have a significant 
economic impact on a substantial number of small entities within the 
meaning of the Regulatory Flexibility Act, 5 U.S.C. 601 et seq., 
because it requires no additional work.

C. Paperwork Reduction Act

    The Paperwork Reduction Act does not apply because this final rule 
does not impose any new recordkeeping or information collection 
requirements, or collection of information from offerors, contractors, 
or members of the public that require the approval of the Office of 
Management (OMB) and Budget under 44 U.S.C. 3501, et. seq.

List of Subjects in CFR Parts 1260 and 1274

    Grant Programs--Science and Technology.

Tom Luedtke,
Assistant Administrator for Procurement.

Interim Rule Adopted as Final With Changes

0
Accordingly, the interim rule amending 14 CFR parts 1260 and 1274 which 
was published at 69 FR 5016 on February 3, 2004, is adopted as a final 
rule with the following changes:

PART 1260--GRANTS AND COOPERATIVE AGREEMENTS

0
1. The authority citation for 14 CFR Part 1260 continues to read as 
follows:

    Authority: 42 U.S.C. 2473(c)(1), Pub. L. 97-258, 96 Stat. 1003 
(31 U.S.C. 6301, et seq.), and OMB Circular A-110.

0
2. In Sec. 1260.74 revise paragraph (b)(2)(vii) to read as follows:


Sec.  1260.74  Property use, disposition, and vesting of title.

* * * * *
    (b) * * *
    (2) * * *
    (vii) Recipients shall submit annually a NASA Form 1018, NASA 
Property in the Custody of Contractors, in accordance with the 
instructions on the form, the provisions of 48 CFR (NFS) 1845.71 and 
any supplemental instructions that may be issued by NASA for the 
current reporting period. The original NF 1018 shall be submitted to 
the center Deputy Chief Financial Officer, Finance, with three copies 
sent concurrently to the center industrial property officer. The annual 
reporting period shall be from October 1 of each year through September 
30 of the following year. The report shall be submitted in time to be 
received by October 15. Negative reports (i.e. no reportable property) 
are required. The information contained in the reports is entered into 
the NASA accounting system to reflect current asset values for agency 
financial statement purposes. Therefore, it is essential that required 
reports be received no later than October 15. A final report is 
required within 30 days after expiration of the agreement.
* * * * *

0
3. In section 1260.75 revise paragraph (b)(12) to read as follows:


Sec.  1260.75  Summary of report requirements.

* * * * *
    (b) * * *
    (12) An Annual NASA Form 1018, NASA Property in the Custody of 
Contractors, is required for all grants and cooperative agreements with 
commercial organizations. The reports are due October 15th of each 
year. Negative reports (i.e. no reportable property) are required.
* * * * *

PART 1274--COOPERATIVE AGREEMENTS WITH COMMERCIAL FIRMS

0
4. The authority citation for 14 CFR Part 1274 continues to read as 
follows:

    Authority: 42 U.S.C. 2451, et seq. and 31 U.S.C. 6301 to 6308.

0
5. In section 1274.933 revise the date of the provision to read ``July 
2004,'' and in the table for the report titled ``NASA Form 1018 
Property in the Custody of Contractors'' revise the second column entry 
(Frequency) by removing ``October 31'' and adding ``October 15'' in its 
place.

[FR Doc. 04-15734 Filed 7-12-04; 8:45 am]
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