42 USC 2205 – Contract practices
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(a) In carrying out the purposes of this chapter the Commission shall not use the cost-plus-percentage-of-cost system of contracting.
Terms Used In 42 USC 2205
- atomic energy: means all forms of energy released in the course of nuclear fission or nuclear transformation. See 42 USC 2014
- Commission: means the Atomic Energy Commission. See 42 USC 2014
- Contract: A legal written agreement that becomes binding when signed.
(b) No contract entered into under the authority of this chapter shall provide, and no contract entered into under the authority of the Atomic Energy Act of 1946, as amended, shall be modified or amended after August 30, 1954, to provide, for direct payment or direct reimbursement by the Commission of any Federal income taxes on behalf of any contractor performing such contract for profit.