What is the bona fide needs rule - Answer supplies or services must be intended for a genuine, "bona fide" need in the FY of appropriations being
... [Show More] used
current year money for a current year need
What are the exceptions to the Bona-Fide Needs Rule - Answer Exceptions:
Supply
production/delivery lead time - agencies may consider a normal production/delivery lead time to determine bona fide need. Normally NTE 30 days. Agencies cannot use this exception when items are immediately available from another source.
stock level- agencies are permitted to use current year funds to replace stock consumed in the current FY even if the replacement stock will not be used in the current FY IOT maintain reasonable and historical stock levels to prevent operational disruptions. NO STOCKPILING
Services - non-severable services, if the service provides a single or unified outcome the gov't may fund the effort with current year funds.
severable services may be funded with current FY funds and cross FY's when the PoP will not exceed 12 months (FY 98 Defense Authorization Act amended title 10 USC)
Construction - Construction KTs may be awarded in one FY with performance to begin in the next (90 days maximum). Work/performance can be ordering materials and delivering to gov't custody to groundbreaking activities on the progress schedule to invoice against
What is the Anti-deficiency act - Answer No gov't agent shall authorize, create an obligation, or spend money in excess of the amount that was appropriated or obligated.
Penalty - suspension w/o pay, removal from office, $5k fine, 2 years or both.
What is the bona fide needs rule - Answer supplies or services must be intended for a genuine, "bona fide" need in the FY of appropriations being used
current year money for a current year need
What are the exceptions to the Bona-Fide Needs Rule - Answer Exceptions:
Supply
production/delivery lead time - agencies may consider a normal production/delivery lead time to determine bona fide need. Normally NTE 30 days. Agencies cannot use this exception when items are immediately available from another source.
stock level- agencies are permitted to use current year funds to replace stock consumed in the current FY even if the replacement stock will not be used in the current FY IOT maintain reasonable and historical stock levels to prevent operational disruptions. NO STOCKPILING
Services - non-severable services, if the service provides a single or unified outcome the gov't may fund the effort with current year funds.
severable services may be funded with current FY funds and cross FY's when the PoP will not exceed 12 months (FY 98 Defense Authorization Act amended title 10 USC)
Construction - Construction KTs may be awarded in one FY with performance to begin in the next (90 days maximum). Work/performance can be ordering materials and delivering to gov't custody to groundbreaking activities on the progress schedule to invoice against
What is the Anti-deficiency act - Answer No gov't agent shall authorize, create an obligation, or spend money in excess of the amount that was appropriated or obligated. [Show Less]