§232.703-3. Contracts crossing fiscal years.
48 C.F.R. § 232.703-3
The contracting officer may enter into a contract, exercise an option, or place an order under a contract for severable services for a period that begins in one fiscal year and ends in the next fiscal year if the period of the contract awarded, option exercised, or order placed does not exceed 1 year (10 U.S.C. 3133).
Notes, amendments, and revision history
Amendments
[64 FR 28110, May 25, 1999, as amended at 87 FR 76995, Dec. 16, 2022]
Source
Source: 58 FR 46092, Sept. 1, 1993, unless otherwise noted.
Authority
Authority: 41 U.S.C. 1303 and 48 CFR chapter 1.
Source
Source: 56 FR 36409, July 31, 1991, unless otherwise noted.
Amendments
[64 FR 28110, May 25, 1999, as amended at 87 FR 76995, Dec. 16, 2022]