Sec. 601. Project and program reserves
145 words·~1 min read·
/bill/113/hr/2616/ih/section-601·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It is the sense of Congress that the judicious use of program and project reserves provides NASA project and program managers with the flexibility needed to manage projects and programs to ensure that the impacts of contingencies can be mitigated. To ensure that the establishment, maintenance, and allotment of project and program reserves contribute to prudent management, not later than 180 days after the date of enactment of this Act the Administrator shall transmit to the Committee on Science, Space, and Technology of the House of Representatives and the Committee on Commerce, Science, and Transportation of the Senate a report describing— NASA’s criteria for establishing the amount of reserves held at the project and program levels; how such criteria relate to the agency’s policy of budgeting at a 70-percent confidence level; and NASA’s criteria for waiving the policy of budgeting at a 70-percent confidence level.