Renegotiation of Contracts: Hearings Before the Committee on Finance, United States Senate, Eighty-second Congress, First Session, on H.R. 1724, an Act to Provide for the Renegotiation of Contracts, and for Other Purposes : January 31 and February 2, 1951

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U.S. Government Printing Office, 1951 - 139 páginas
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Página 89 - States and their political subdivisions and instrumentalities; and tax-supported educational institutions, and to other nonprofit educational institutions which have been held exempt from taxation under section 101 (6) of the Internal Revenue Code.
Página 2 - President may authorize, subject to such regulations as he may prescribe, the Department of the Army, the Department of the Navy, the Department of the Air Force, the Department of Commerce...
Página 8 - ... any contract or subcontract for the product of a mine, oil or gas well, or other mineral or natural deposit, or timber, which has not been processed, refined, or treated beyond the first form or state suitable for industrial use...
Página 64 - excessive profits" means the portion of the profits derived from contracts with the Departments and subcontracts which is determined in accordance with this title to be excessive. In determining excessive profits...
Página 11 - That such refunds shall be based solely on the certificate of the Administrator of General Services or his duly authorized representative. (g) EXISTING POLICIES, PROCEDURES, ETC., To REMAIN IN EFFECT. — All policies, procedures, directives, and delegations of authority prescribed or issued (1) by the War Contracts Price Adjustment Board, or (2) by any Secretary or other duly authorized officer of the Government, under the authority of the Renegotiation Act, in effect upon the effective date of...
Página 6 - ... subcontractor for excessive profits received or accrued during such fiscal year shall thereupon be discharged. If an agreement or order determining the amount of excessive profits is not made within...
Página 8 - ... their successors shall be appointed for terms of five years each, except that any individual chosen to fill a vacancy shall be appointed only for the unexpired term of the member whom he shall succeed. The president shall designate one member to serve as chairman of the board. Any member of the board may be removed by the president, upon notice and hearing, for neglect of duty or malfeasance In office, but for no other cause.
Página 33 - President, from acting as counsel, agent, or attorney for prosecuting any claim against the United States: Provided, That such person shall not prosecute any claim against the United States (1) Involving any subject matter directly connected with- which such person was so employed, or (2) during the period such person is engaged in employment in a Department.
Página 4 - Secretary may direct, any amounts which under paragraph (3) (B) the contractor is directed to withhold from a subcontractor and which are actually unpaid at the time the contractor receives such direction. The obligations assumed by the contractor or subcontractor under paragraph (1) or (3) (A), as the case may be, agreeing to the elimination of excessive profits through renegotiation shall be binding on him only if the contract or subcontract, as the case may be, is subject to subsection (c).
Página 12 - ... effect, showing a necessity for a survival of such suit, action, or other proceeding to obtain a settlement of the questions involved...

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