Federal Acquisition Regulation; Limitation on Allowability of Compensation for Certain Contractor Personnel
other · US Department of Defense · Rule · Published 1998-02-23 · Effective 1998-02-23 · 63 FR 9066
Document
Document number
98-4304
Federal Register citation
63 FR 9066
CFR reference
48 CFR 31
Type
Rule
Action
Interim rule with request for comments.
Category
other
Sub-agency
US Department of Defense
Publication date
1998-02-23
Effective date
1998-02-23
DOD docket
FAC 97-04
Abstract
The Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council have agreed on an interim rule amending the Federal Acquisition Regulation (FAR) to implement Section 808 of the National Defense Authorization Act for Fiscal Year 1998 (Pub. L. 105-85) by limiting the allowable compensation costs for senior executives of contractors to the benchmark compensation amount determined applicable for each fiscal year by the Administrator for Federal Procurement Policy. This regulatory action was not subject to Office of Management and Budget (OMB) review under Executive Order 12866, dated September 30, 1993, and is not a major rule under 5 U.S.C. 804.