# Federal Acquisition Regulation; Amendment Relating to Multi-Year Contract Authority for Acquisition of Property
> **US Department of Defense** · Final rule. · Published 2016-09-30 · Effective 2016-10-31 · 81 FR 67773
## Document
- **Document number:** 2016-23201
- **Category:** other
- **Sub-agency:** US Department of Defense
- **Federal Register citation:** 81 FR 67773
- **CFR reference:** 48 CFR 17
- **Publication date:** 2016-09-30
- **Effective date:** 2016-10-31
- **DOD docket:** FAC 2005-91
## Abstract

DoD, GSA, and NASA are issuing a final rule amending the Federal Acquisition Regulation (FAR) to implement a section of the National Defense Authorization Act (NDAA) for Fiscal Year (FY) 2016, to require that "significant" savings would be achieved by entering into a multi-year contract.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2016/09/30/2016-23201/federal-acquisition-regulation-amendment-relating-to-multi-year-contract-authority-for-acquisition)
---
*AI Analytics · CC0 1.0*