Page:United States Statutes at Large Volume 118.djvu/2041

 118 STAT. 2011 PUBLIC LAW 108–375—OCT. 28, 2004 ‘‘(A) in the case of a dollar threshold that (as in effect on the day before the adjustment) is less than $10,000, to the nearest $500; ‘‘(B) in the case of a dollar threshold that (as in effect on the day before the adjustment) is not less than $10,000, but is less than $100,000, to the nearest $5,000; ‘‘(C) in the case of a dollar threshold that (as in effect on the day before the adjustment) is not less than $100,000, but is less than $1,000,000, to the nearest $50,000; and ‘‘(D) in the case of a dollar threshold that (as in effect on the day before the adjustment) is $1,000,000 or more, to the nearest $500,000. ‘‘(f) PETITION FOR INCLUSION OF OMITTED THRESHOLD.—(1) If a dollar threshold adjustable under this section is not included in a notice of adjustment published under subsection (b), any person may request adjustment of that dollar threshold by submitting a petition for adjustment to the Administrator for Federal Procure ment Policy. ‘‘(2) Upon receipt of a petition for adjustment of a dollar threshold under paragraph (1), the Administrator shall— ‘‘(A) determine, in writing, whether that dollar threshold is required to be adjusted under this section; and ‘‘(B) if so, shall publish in the Federal Register a revised notice of the adjusted dollar thresholds under this section that includes the adjustment of the dollar threshold covered by the petition. ‘‘(3) The adjustment of a dollar threshold pursuant to a petition under this subsection shall take effect on the date of the publication of the revised notice adding the adjustment of that dollar threshold under paragraph (2)(B).’’. (2) The table of contents in section 1(b) of such Act is amended by inserting after the item relating to section 35 the following new item: ‘‘Sec. 35A. Inflation adjustment of acquisition related dollar thresholds.’’. (b) DEFINITION OF FEDERAL ACQUISITION REGULATORY COUNCIL.—Section 4 of such Act is amended by adding at the end the following new paragraph: ‘‘(17) The term ‘Federal Acquisition Regulatory Council’ means the Federal Acquisition Regulatory Council established under section 25.’’. (c) RELATIONSHIP TO OTHER INFLATION ADJUSTMENT AUTHORI TIES.—(1) Section 35A of the Office of Federal Procurement Policy Act, as added by subsection (a), supersedes the applicability of any other provision of law that provides for the adjustment of a dollar threshold that is adjustable under such section. (2) After the date of the enactment of this Act, a dollar threshold adjustable under section 35A of the Office of Federal Procurement Policy Act, as added by subsection (a), shall be adjusted only as provided under that section. 41 USC 431a note. 41 USC 403.

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