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Laws, Regulations, and Guidance >IT Related Laws and Regulations
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Federal Acquisition Streamlining Act of 1994 and Simplified Acquisition Threshold Acquisitions
Issued By: Not Available - Effective Date: 01.01.1994, 5.667K, HTML
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Abstract:
The Federal Acquisition Streamlining Act of 1994 (FASA) made a number of changes in the way goods and services at, or below, $100,000 are acquired. The Act replaces the $25,000 threshold with a new "Simplified Acquisition Threshold" (SAT) of $100,000 once an agency (or procuring activity within the agency) have achieved certain electronic commerce (FACNET) capabilities.
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