Section 16Sec./Art. 16

Multi-Year Contracts. - Notwithstanding existing laws to the contrary, and subject to Section 15 of this Act, the DND and its bureaus shall be authorized to enter into multi-year contracts for the purpose of acquiring materiel: Provided, That corresponding appropriation for the ensuing fiscal years shall be included in the annual General Appropriations Act (GAA) upon the issuance of a multi-year obligation authority by the DBM: Provided, further, That the guidelines to ensure that contracts are consistent with the Revised AFP Modernization Program and this Act: Provided, finally, That the DND and its bureaus shall coordinate and conduct acquisition planning for the implementation of multi-year contracts.