Economy Act Sample Clauses

Economy Act. In accordance with FAR 17.502-2(b), the Economy Act does not apply to task orders awarded under XXXXX under the authority of 40 U.S.C. 501.
Sample 1Sample 2Sample 3See All (98)
AutoNDA by SimpleDocs
Economy Act. ‌ The Economy Act does not apply to Governmentwide acquisition contracts (GWACs). GWACs are multiple award Task Order or delivery order contracts used by other agencies to procure information technology products and services outside of the Economy Act. (Refer to Federal Acquisition Regulations FAR 2.101 and FAR Subpart 17.502-2(b)). The specific statutory authority 40 U.S.C. 11302(e) designates the head of one or more executive agencies, such as the US General Services Administration, as executive agent for Government-wide acquisitions of information technology.
Sample 1Sample 2Sample 3See All (39)
Economy Act. In accordance with FAR 17.500(b)(2), the Economy Act does not apply to acquisitions using Governmentwide acquisition contracts.
Sample 1Sample 2Sample 3See All (18)
Economy Act. 9.6.1. Any federal agency requesting assistance from CAP through the Air Force must certify its request comports with the Economy Act, 31 U.S.C. § 1535, or a more specific authority when such authority is available. The appropriate Air Force approval authority (as listed in AFI 10-2701) must certify compliance with the Economy Act prior to approving performance in support of a federal agency. Absent other statutory authority, any request that does not comply with the Economy Act will not be approved.
Sample 1
Economy Act. Requires a determination and finding and recovery of actual costs including indirect costs unless waived by BLM-delegated authority. The expectation of this authority is that the work to be done by FWS will be funded via project-specific financial agreements developed pursuant to this MOU. The funding for each project will remain available for use by the FWS until necessary work is completed, unless otherwise stated in the project-specific agreement or required by law; and
Sample 1
Economy Act. Many interagency agreements are undertaken pursuant to the provisions of the Economy Act. The Economy Act requires that an annual year appropriation obligated by an Economy Act agreement be deobligated at the end of the fiscal year to the extent that the performing agency has not performed or incurred valid obligations against the amount obligated. According to the DoD Financial Management Regulation (FMR) Volume 11A, Chapter 3, activities must reconcile the obligation status of Economy Act orders and deobligate unused funds to the extent that the servicing agency or unit filling the order has not, before the end of the period of availability of the appropriation of the requesting or ordering agency, either (1) provided the goods or services, or (2) entered into an authorized contract with another entity to provide the requested goods or services. Non Economy Act. The Office of the Under Secretary of Defense (Comptroller) Policy memorandum on Non Economy Act Orders, dated October 16, 2006, prescribes the following: • Goods. Funds provided to a performing agency for ordered goods where the appropriations period of availability expired, shall be deobligated and returned by the performing agency unless the request for goods was made during the period of availability and the items(s) could not be delivered within the period of availability solely because of delivery, production or manufacturing lead time, or unforeseen delays not previously contemplated by the contracting parties at the time of contracting. • Severable Services that are continuing and recurring in nature and provide the Department a benefit each time the service is performed permits the performance of services to begin in one fiscal year and end in the next provided the period of performance does not exceed one year. Thus, the performance of severable services may begin during the appropriation’s period of availability and may not exceed one year. Annual appropriations provided to a performing agency that have expired shall be deobligated unless the performance of the services requested began during the appropriation’s period of availability and the period of performance does not exceed one year. • Non-severable service contracts must be funded entirely with appropriations available for new obligations at the time the contract is awarded, and the period of performance may extend across fiscal years. Funds provided to a performing agency that become excess shall be deobligated as identified. • ...
Sample 1

Related to Economy Act

  • Foreign Corrupt Practices Act None of the Company, any of its subsidiaries or, to the knowledge of the Company, any director, officer, agent, employee, affiliate or other person acting on behalf of the Company or any of its subsidiaries is aware of or has taken any action, directly or indirectly, that would result in a violation by such persons of the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (the “FCPA”), including, without limitation, making use of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment, promise to pay or authorization of the payment of any money, or other property, gift, promise to give, or authorization of the giving of anything of value to any “foreign official” (as such term is defined in the FCPA) or any foreign political party or official thereof or any candidate for foreign political office, in contravention of the FCPA and the Company and, to the knowledge of the Company, its affiliates have conducted their businesses in compliance with the FCPA and have instituted and maintain policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance therewith.

  • CORRUPT PRACTICES 3.1 The government requires that the bidders, suppliers, sub contractors and supervisors observe the highest standards of ethics during the execution of such contracts. In this pursuit of this policy, the government; Defines for the purpose of this provision, the terms set forth below as follows:

  • Foreign Corrupt Practices Neither the Company nor any Subsidiary, nor to the knowledge of the Company or any Subsidiary, any agent or other person acting on behalf of the Company or any Subsidiary, has (i) directly or indirectly, used any funds for unlawful contributions, gifts, entertainment or other unlawful expenses related to foreign or domestic political activity, (ii) made any unlawful payment to foreign or domestic government officials or employees or to any foreign or domestic political parties or campaigns from corporate funds, (iii) failed to disclose fully any contribution made by the Company or any Subsidiary (or made by any person acting on its behalf of which the Company is aware) which is in violation of law, or (iv) violated in any material respect any provision of FCPA.

  • Anti-Corruption Laws and Sanctions The Borrower has implemented and maintains in effect policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and the Borrower, its Subsidiaries and their respective officers and employees and to the knowledge of the Borrower its directors and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. None of (a) the Borrower, any Subsidiary or any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any agent of the Borrower or any Subsidiary that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person. No Borrowing or Letter of Credit, use of proceeds or other transaction contemplated by this Agreement will violate any Anti-Corruption Law or applicable Sanctions.

  • OMNIBUS PROCUREMENT ACT OF 1992 It is the policy of New York State to maximize opportunities for the participation of New York State business enterprises, including minority and women-owned business enterprises as bidders, subcontractors and suppliers on its procurement contracts. Information on the availability of New York State subcontractors and suppliers is available from: NYS Department of Economic Development Division for Xxxxx Xxxxxxxx Xxxxxx, Xxx Xxxx 00000 Telephone: 000-000-0000 Fax: 000-000-0000 email: xxx@xxx.xx.xxx A directory of certified minority and women-owned business enterprises is available from: NYS Department of Economic Development Division of Minority and Women's Business Development 000 Xxxxx Xxxxxx Xxx Xxxx, XX 00000 212-803-2414 email: xxxxxxxxxxxxxxxxx@xxx.xx.xxx xxxxx://xx.xxxxxxxxxxxxxx.xxx/FrontEnd/VendorSearchPu blic.asp The Omnibus Procurement Act of 1992 requires that by signing this bid proposal or contract, as applicable, Contractors certify that whenever the total bid amount is greater than $1 million:

  • Compliance with Federal Law, Regulations, and Executive Orders This is an acknowledgement that FEMA financial assistance will be used to fund the contract only. The contractor will comply will all applicable federal law, regulations, executive orders, FEMA policies, procedures, and directives.

Time is Money Join Law Insider Premium to draft better contracts faster.