Page:United States Statutes at Large Volume 100 Part 5.djvu/474

 100 STAT. 3948

PUBLIC LAW 99-661—NOV. 14, 1986

"(4)(A) A contractor shall be allowed to offset an amount against the amount of a contract price adjustment under a contract provision required by paragraph (1) if— "(i) the contractor certifies to the contracting officer (or to a designated representative of the contracting officer) that, to the best of the contractor's knowledge and belief, the contractor is entitled to the offset; and "(ii) the contractor proves that the cost or pricing data were available before the date of agreement on the price of the contract (or price of the modification) and that the data were not submitted as specified in subsection (a)(3) before such date. "(B) A contractor shall not be allowed to offset an amount otherwise authorized to be offset under subparagraph (A) if— "(i) certification under subsection (a)(2) with respect to the cost or pricing data involved was known to be false when signed; or "(ii) the United States proves that, had the cost or pricing data referred to in subparagraph (A)(ii) been submitted to the United States before the date of agreement on the price of the contract (or price of the modification), the submission of such cost or pricing data would not have resulted in an increase in that price in the amount to be offset. "(e) INTEREST AND PENALTIES FOR CERTAIN OVERPAYMENTS.—(1) If

Ante, p. 2095. 26 USC 6621.

the United States makes an overpayment to a contractor under a contract with the Department of Defense subject to this section and the overpayment was due to the submission by the contractor of defective cost or pricing data, the contractor shall be liable to the United States— "(A) for interest on the amount of such overpayment, to be computed— "(i) for the period beginning on the date the overpayment was made to the contractor and ending on the date the '' = contractor repays the amount of such overpayment to ' the United States; and "(ii) at the current rate prescribed by the Secretary of the ^^ Treasury under section 6621 of the Internal Revenue Code of 1954; and "(B) jf the submission of such defective data was a knowing submission, for an additional amount equal to the amount of the overpayment. "(2) Except as provided under subsection (d), the liability of a • contractor under this subsection shall not be affected by the contractor's refusal to submit a certification under subsection (a)(2) with respect to the cost or pricing data involved. "(f) RIGHT OF UNITED STATES TO EXAMINE CONTRACTOR RECORDS.—

(1) For the purpose of evaluating the accuracy, completeness, and currency of cost or pricing data required to be submitted by this section with respect to a contract or subcontract, the head of the agency, acting through any authorized representative of the head of the agency who is an employee of the United States or a member of the armed forces, shall have the right to examine all records of the contractor or subcontractor related to— "(A) the proposal for the contract or subcontract; '•"(B) the discussions conducted on the proposal; ^^ "(C) pricing of the contract or subcontract; or "(D) performance of the contract or subcontract. ^

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