Answer First
Primary Text
Multi-year Contracts and Other Contractual Arrangements. -
a. the Secretary of National Defense, pursuant to the AFP modernization program, projects and appropriations approved by Congress, may, subject to the approval by the President, provisions of existing laws and regulations including those of the Commission on Audit and under such terms and conditions most favorable to the government, enter into multi-year contracts, lease and lease-purchase agreements.
b. for multi-year contracts, Congress shall, upon certification by the President, make the corresponding appropriation for the ensuing fiscal year: Provided, That Congress shall appropriate only such funds as may be necessary to pay any unpaid amount where such funds mentioned in Section 11 of this Act are not sufficient or available to meet such payment in full or in part.
c. the Secretary of National Defense shall submit to Congress, through the chairmen of the Senate Committees on National Defense and Security and Finance and the chairmen of the House Committees on National Defense and Appropriations, copies of these multi-year contracts and other agreements/arrangements to enable Congress to appropriate funds.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.