Login | Store | Training | Contact Us  
 Latest News 
 Product List 
 Related Links 

   HomeLatest News
    


CASB Finalizes TINA Threshold Rule


The Office of Federal Procurement Policy, Cost Accounting Standards Board, has issued a rule finalizing, without change, an interim rule ( 70,055.22) that revised the threshold for the application of CAS from "$650,000" to "the Truth in Negotiations Act (TINA) threshold, as adjusted for inflation (41 U.S.C. 1908) and (41 U.S.C. 1502(b)(1)(B))." The change was made because the CAS applicability threshold is statutorily tied to TINA and the TINA threshold for the submission of cost or pricing data was revised and adjusted for inflation by Section 807 of the Ronald W. Reagan National Defense Authorization Act for Fiscal Year 2005 (PL 108-375) as incorporated into Federal Acquisition Regulation at FAR 15.403-4 (a)(1) by a final rule issued with Federal Acquisition Circular 2005-45 on August 30, 2010 (75 FR 53129). Until this change, the CAS applicability threshold was a stated dollar amount ($650,000) in the Code of Federal Regulations. This wording change effectively revised the CAS threshold to $700,000 and causes future changes to the CAS applicability threshold to self-execute once any changes to the TINA threshold are implemented in the FAR. The interim ruled revised the CAS applicability provision at CASB 9901.306, and amended CASB 9903.201-1 through CASB 9903.201-4, and CASB 9903.202-1. For the text of the final rule, which carries a December 22, 2011, effective date, see 70,055.24.










































































































































 






 

 

(The news featured above is a selection from the news covered in the Government Contracts Report Letter, which is published weekly and distributed to subscribers of the Government Contracts Reporter. )

     
  
 

   2001-2020 CCH Incorporated or its affiliates
Print this Page | About Us | Privacy Policy | Site Map