Pub. L. 100-463, tit. VIII, sec. 8031

Sec. 8031. None of the funds provided in this Act shall be avail-able to initiate (1) a multiyear contract that employs economic order quantity procurement in excess of $20,000,000 in any one year of the contract or that includes an unfunded contingent liability in excess of $20,000,000, or (2) a contract for advance procurement leading to a multiyear contract that employs economic order quantity procurement in excess of $20,000,000 in any one year, unless the Commit-tees on Appropriations and Armed Services of the Senate and House of Representatives have been notified at least thirty days in advance of the proposed contract award: Provided, That no part of any appropriation contained in this Act shall be available to initiate a multiyear contract for which the economic order quantity advance procurement is not funded at least to the limits of the Government’s liability: Provided further, That no part of any appropriation contained in this Act shall be available to initiate multiyear procurement contracts for any systems or component thereof if the value of the multiyear contract would exceed $500,000,000 unless specifically provided in this Act: Provided further, That no multiyear procurement contract can be terminated without 10-day prior notification to the Committees on Appropriations and Armed Services of the House of Representatives and the Senate: Provided further, That the execution of multiyear authority shall require the use of a present value analysis to determine lowest cost compared to an annual procure-102 STAT. 2270–23ment. Funds appropriated in title III of this Act may be used for multiyear procurement contracts as follows: H–60 series helicopter engines; CH–47 helicopter modifications; Multiple Launch Rocket System; AV–8B aircraft; UHF follow-on satellite system; Defense Meteorological Satellite; F–16 aircraft; AH–64 helicopters; M–1 tank chassis; TOW 2 Missile: Provided, That any requirement that a multiyear contract may not be entered into unless the anticipated cost over the period of the contract is not more than 88 percent of the average cost incurred for the same system procured under an annual contract shall not apply to multiyear contracts for TOW 2.