Volume 69 · 83
Public Law 84–60
To amend the Act of April 29, 1941, to authorize the waiving of the requirement of performance and payment bonds in connection with certain Const Guard contracts.
Approved June 3, 1955
Statutory text
AN ACT
To amend the Act of April 29, 1941, to authorize the waiving of the requirement of performance and payment bonds in connection with certain Const Guard contracts.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That the Act of
Armed Forces contracts.
Waiver of requirements.
April 29, 1941. 55 Stat. 147 (40 U. S. C. 270e), is hereby amended to read as follows: “The Secretary of the Army, the Secretary of the Navy, the Secretary of the Air Force, or the Secretary of the Treasury may waive the Act of August 24, 1935 (49 Stat. 793), with respect to
costplusa-fixed fee and other cost-type contracts for the construction, alteration, or repair of any public building or public work of the United States and with respect to contracts for the manufacturing, producing, furnishing, construction, alteration, repair, processing, or assembling of vessels, aircraft, munitions, materiel, or supplies of any kind or nature for the Army, Navy, Air Force, or Coast Guard, respectively, regardless of the terms of such contracts as to payment or title.”
Approved June 3, 1955.