Pub. L. 105-18, tit. II, ch. 9, sec. 9003

Pub. L. 105-18, tit. II, ch. 9, sec. 9003

EnactedYear: 1997Length: 163 wordsOfficial source
Sec. 9003. (a) The Bureau of Engraving and Printing and the Department of the Treasury shall not award a contract for Solicitation No. BEP–97–13(TN) or Solicitation No. BEP–96–13(TN) until the General Accounting Office (GAO) has completed a comprehensive analysis of the optimum circumstances for government procurement of distinctive currency paper. The GAO shall report its findings to the House and Senate Committees on Appropriations no later than August 1, 1998. (b) The contractual term of the distinctive currency paper “bridge” contract shall not exceed 24 months, and the contract shall not be effective until the Secretary of the Department of the Treasury certifies that the price under the terms of any “bridge” contract is fair and reasonable and that the terms of any “bridge” contract are customary and appropriate according to Federal procurement regulations. In addition, the Secretary of the Treasury shall report to the Committees on Appropriations on the price and profit levels of any “bridge” contract at the time of certification.
Pub. L. 105-18, tit. II, ch. 9, sec. 9003 | Justis AI