[Federal Register: July 13, 2004 (Volume 69, Number 133)]
[Rules and Regulations]
[Page 41935-41936]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr13jy04-11]
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NATIONAL AERONAUTICS AND SPACE ADMINISTRATION
14 CFR Part 1260 and 1274
RIN 2700-AC79
NASA Grant and Cooperative Agreement Handbook--Property Reporting
AGENCY: National Aeronautics and Space Administration.
ACTION: Final rule.
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SUMMARY: This rule adopts as final the interim rule published in the
Federal Register (69 FR 5016) on February 3, 2004, which amended the
NASA Grant and Cooperative Agreement Handbook to require earlier
submission of annual property inventory reports.
This final rule makes additional changes to reflect the revised
reporting date in instructions and one table which were omitted in the
interim rule.
EFFECTIVE DATE: July 13, 2004.
FOR FURTHER INFORMATION CONTACT: Paul Brundage, NASA Headquarters, Code
HC, Washington, DC, (202) 358-0481, e-mail: paul.d.brundage@nasa.gov.
SUPPLEMENTARY INFORMATION:
A. Background
The Office of Management and Budget has required NASA to complete
its annual financial statements sooner.
[[Page 41936]]
Since recipients maintain NASA's official records for its assets in
their possession, NASA uses the data contained in recipients' reports
for annual financial statements and property management. As a result,
NASA is changing the date for submission of annual Inventory Reports
from October 31 to October 15 of each year.
NASA published an interim rule in the Federal Register (69 FR 5016)
on February 3, 2004. No public comments were received in response to
the interim rule. However, the interim rule failed to revise the
property reporting date in sections 1260.74, Property use, disposition,
and vesting of title; 1260.75, Summary of Report Requirements; and
1274.933. This final rule revises these dates consistent with the
interim rule. This change is consistent with the intent and changes
made in the interim rule and therefore, publication for public comment
is not considered necessary.
This final rule is not a significant regulatory action, and
therefore, was not subject to review under Section 6(b) of Executive
Order 12866, Regulatory Planning and Review, dated September 30, 1993.
This final rule is not a major rule under 5 U.S.C. 804.
B. Regulatory Flexibility Act
NASA certifies that this final rule will not have a significant
economic impact on a substantial number of small entities within the
meaning of the Regulatory Flexibility Act, 5 U.S.C. 601 et seq.,
because it requires no additional work.
C. Paperwork Reduction Act
The Paperwork Reduction Act does not apply because this final rule
does not impose any new recordkeeping or information collection
requirements, or collection of information from offerors, contractors,
or members of the public that require the approval of the Office of
Management (OMB) and Budget under 44 U.S.C. 3501, et. seq.
List of Subjects in CFR Parts 1260 and 1274
Grant Programs--Science and Technology.
Tom Luedtke,
Assistant Administrator for Procurement.
Interim Rule Adopted as Final With Changes
0
Accordingly, the interim rule amending 14 CFR parts 1260 and 1274 which
was published at 69 FR 5016 on February 3, 2004, is adopted as a final
rule with the following changes:
PART 1260--GRANTS AND COOPERATIVE AGREEMENTS
0
1. The authority citation for 14 CFR Part 1260 continues to read as
follows:
Authority: 42 U.S.C. 2473(c)(1), Pub. L. 97-258, 96 Stat. 1003
(31 U.S.C. 6301, et seq.), and OMB Circular A-110.
0
2. In Sec. 1260.74 revise paragraph (b)(2)(vii) to read as follows:
Sec. 1260.74 Property use, disposition, and vesting of title.
* * * * *
(b) * * *
(2) * * *
(vii) Recipients shall submit annually a NASA Form 1018, NASA
Property in the Custody of Contractors, in accordance with the
instructions on the form, the provisions of 48 CFR (NFS) 1845.71 and
any supplemental instructions that may be issued by NASA for the
current reporting period. The original NF 1018 shall be submitted to
the center Deputy Chief Financial Officer, Finance, with three copies
sent concurrently to the center industrial property officer. The annual
reporting period shall be from October 1 of each year through September
30 of the following year. The report shall be submitted in time to be
received by October 15. Negative reports (i.e. no reportable property)
are required. The information contained in the reports is entered into
the NASA accounting system to reflect current asset values for agency
financial statement purposes. Therefore, it is essential that required
reports be received no later than October 15. A final report is
required within 30 days after expiration of the agreement.
* * * * *
0
3. In section 1260.75 revise paragraph (b)(12) to read as follows:
Sec. 1260.75 Summary of report requirements.
* * * * *
(b) * * *
(12) An Annual NASA Form 1018, NASA Property in the Custody of
Contractors, is required for all grants and cooperative agreements with
commercial organizations. The reports are due October 15th of each
year. Negative reports (i.e. no reportable property) are required.
* * * * *
PART 1274--COOPERATIVE AGREEMENTS WITH COMMERCIAL FIRMS
0
4. The authority citation for 14 CFR Part 1274 continues to read as
follows:
Authority: 42 U.S.C. 2451, et seq. and 31 U.S.C. 6301 to 6308.
0
5. In section 1274.933 revise the date of the provision to read ``July
2004,'' and in the table for the report titled ``NASA Form 1018
Property in the Custody of Contractors'' revise the second column entry
(Frequency) by removing ``October 31'' and adding ``October 15'' in its
place.
[FR Doc. 04-15734 Filed 7-12-04; 8:45 am]
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