[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: 14CFR1209.303]

[Page 71]
 
                     TITLE 14--AERONAUTICS AND SPACE
 
                          SPACE ADMINISTRATION
 
PART 1209_BOARDS AND COMMITTEES--Table of Contents
 
                   Subpart 3_Contract Adjustment Board
 
Sec. 1209.303  Functions of Board.

    (a) The Board is authorized to act for and exercise the authority of 
the Administrator in cases involving request by NASA contractors for 
extraordinary contractual adjustments under the Act. Such authority will 
be exercised in accordance with the standards and procedures established 
by the Administrator, subject to such limitations as the Administrator 
may prescribe.
    (b) The Board shall have the power to approve, authorize or direct 
any action, including the modification or release of any obligations, 
and to make determinations and findings which are necessary or 
appropriate for the conduct of its functions, and may adopt such rules 
of procedure as it considers desirable.
    (c) The concurring vote of a majority of the total Board membership 
shall constitute an action of the Board. Decisions of the Board shall be 
final but the Board may reconsider and modify, correct or reverse any 
Board decision previously made.