Page:United States Statutes at Large Volume 70.djvu/842

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PUBLIC LAW 870-AUG. 1, 1956

Public Law 870

65 Stat. 8.

TERMINATION.—

" (1) IN GENERAL.—The provisions of this title shall apply only with respect to receipts and accruals, under contracts with the Departments and related subcontracts, which are determined under regulations prescribed by the Board to be reasonably attributable to performance prior to the close of the termination date. Notwithstanding the method of accounting employed by the contractor or subcontractor in keeping his records, receipts or accruals determined to be so attributable, even if received or accrued after the termination date, shall be considered as having been received or accrued not later than the termination date. For the purposes of this title, the term 'termination date' means December 31, 1958. " (2)

65 Stat. 8. 50 USC 1213(a).

"Status termination date".

65 Stat. 8, 9. "Department".

CHAPTER 821

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may be cited as the "Renegotiation Amendments Act of 1956". SEC. 2. Section 102 of the Renegotiation Act of 1951 (50 U.S.C. App., sec. 1212) is amended by striking out "; but the provisions of this title shall not be applicable to receipts or accruals attributable to performance, under contracts or subcontracts, after December 31, 1956" in subsection (a); by relettering subsections (c) and (d) as (d) and (e), respectively; and by inserting after subsection (b) the following new subsection: "(c)

"Termination date".

STAT.

AN ACT To extend and amend the Renegotiation Act of 1951.

August I, 1956 [H. R. 11947]

R e n e g o t iation Amendments Act of 1956.

[70

TERMINATION or STATUS AS DEPARTMENT.—When the status

of any agency of the Government as a Department within the meaning of section 103(a) is terminated, the provisions of this title shall apply only with respect to receipts and accruals, under contracts with such agency and related subcontracts, which are determined under regulations prescribed by the Board to be reasonably attributable to performance prior to the close of the status termination date. Notwithstanding the method of accounting employed by the contractor or subcontractor in keeping his records, receipts or accruals determined to be so attributable, even if received or accrued after the status termination date, shall be considered as having been received or accrued not later than the status termination date. For the purposes of this paragraph, the term 'status termination date' means, with respect to any agency, the date on which the status of such agency as a Department within the meaning of section 103(a) is terminated." SEC. 3. (a) Subsections (a) and (b) of section 103 of such Act (50 U.S.C., App., secs. 1213 (a) and (b)) are amended to read as follows: " (a) DEPARTMENT.—The term 'Department' means the Department of Defense, the Department of the Army, the Department of the Navy, the Department of the Air Force, the Maritime Administration, the Federal Maritime Board, the General Services Administration, and the Atomic Energy Commission. Such term also includes any other agency of the Government exercising functions having a direct and immediate connection with the national defense which is designated by the President during a national emergency proclaimed by the President, or declared by the Congress, after the date of the enactment of the Renegotiation Amendments Act of 1956; but such designation shall cease to be in effect on the last day of the month during which such national emergency is terminated.

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