Pub. L. 103-331, tit. III, sec. 323

Pub. L. 103-331, tit. III, sec. 323

EnactedYear: 1994Length: 124 wordsOfficial source
SEC. 323. (a) Of the budgetary resources available to the Department of Transportation (excluding the Maritime Administration) during fiscal year 1995, $65,120,000 are permanently canceled. 108 STAT. 2492 (b) The Secretary of Transportation shall allocate the amount of budgetary resources canceled among the Department’s accounts (excluding the Maritime Administration) available for procurement and procurement-related expenses. Amounts available for procurement and procurement-related expenses in each such account shall be reduced by the amount allocated to such account. (c) For the purposes of this section, the definition of “procurement; includes all stages of the process of acquiring property or services, beginning with the process of determining a need for a product or services and ending with contract completion and closeout, as specified in 41 U.S.C. 403(2).