[Code of Federal Regulations]
[Title 14, Volume 5]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 14CFR1209.301]

[Page 70-71]
 
                     TITLE 14--AERONAUTICS AND SPACE
 
                          SPACE ADMINISTRATION
 
PART 1209_BOARDS AND COMMITTEES--Table of Contents
 
                   Subpart 3_Contract Adjustment Board
 
Sec. 1209.301  Authority.

    (a) The Act of August 28, 1958 (50 U.S.C. 1431-35) (hereinafter 
referred to as ``the Act''), empowers the President to authorize 
departments and agencies exercising functions in connection with the 
national defense to enter into contracts or into amendments or 
modifications of contracts and to make advance payments, without regard 
to other provisions of law relating to the making, performance, 
amendment, or modification of contracts, whenever the President deems 
that such action would facilitate the national defense.
    (b) Executive Order No. 10789, dated November 14, 1958 (23 FR 8897), 
authorizes the Administrator, NASA, to exercise the authority conferred 
by the Act and to prescribe regulations for the carrying out of such 
authority.

[[Page 71]]

    (c) Federal Acquisition Regulation (FAR), part 50, April 1, 1985, 
and NASA/FAR Supplement 84-2, part 18-50, October 19, 1984, establishes 
standards and procedures for the disposition of requests for 
extraordinary contractual adjustments by NASA contractors.