Sec. 1074. ECONOMY ACT PURCHASES
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## SEC. 1074 ECONOMY ACT PURCHASES **[**[31 U.S.C. 1535 note](/us/usc/t31/s1535)**]** ###
(a)Regulations Required The Federal Acquisition Regulation shall be revised to include regulations governing the exercise of the authority under section 1535 of title 31, United States Code,2 for Federal agencies to purchase goods and services under contracts entered into or administered by other agencies. 2Section 1535 of title 31, United States Code, referred to in subsection (a), is set forth beginning on page 788. ###
(b)Content of Regulations The regulations prescribed pursuant to subsection
(a)shall— ####
(1)require that each purchase described in subsection
(a)be approved in advance by a contracting officer of the ordering agency with authority to contract for the goods or services to be purchased or by another official in a position specifically designated by regulation to approve such purchase; ####
(2)provide that such a purchase of goods or services may be made only if— #####
(A)the purchase is appropriately made under a contract that the agency filling the purchase order entered into, before the purchase order, in order to meet the requirements of such agency for the same or similar goods or services; #####
(B)the agency filling the purchase order is better qualified to enter into or administer the contract for such goods or services by reason of capabilities or expertise that is not available within the ordering agency; or #####
(C)the agency or unit filling the order is specifically authorized by law or regulations to purchase such goods or services on behalf of other agencies; ####
(3)prohibit any such purchase under a contract or other agreement entered into or administered by an agency not covered by the provisions of chapter 137 of title 10, United States Code, or title III of the Federal Property and Administrative Services Act of 1949 (41 U.S.C. 251 et seq.) and not covered by the Federal Acquisition Regulation unless the purchase is approved in advance by the senior procurement official responsible for purchasing by the ordering agency; and ####
(4)prohibit any payment to the agency filling a purchase order of any fee that exceeds the actual cost or, if the actual cost is not known, the estimated cost of entering into and administering the contract or other agreement under which the order is filled. ###
(c)Monitoring System Required The Administrator for Federal Procurement Policy shall ensure that, not later than one year after the date of the enactment of this Act, systems for collecting and evaluating procurement data are capable of collecting and evaluating appropriate data on procurements conducted under the regulations prescribed pursuant to subsection (a). ###
(d)Termination This section shall cease to be effective one year after the date on which final regulations prescribed pursuant to subsection
(a)take effect. * * * * * * * # TITLE II CONTRACT ADMINISTRATION * * * * * * * ## Subtitle B Cost Principles * * * * * * * ### PART III ACQUISITIONS GENERALLY * * * * * * *
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- 41 USC 251
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