Page:United States Statutes at Large Volume 65.djvu/58

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24

PUBLIC LAW 9—MAR. 23, 1951

[65 STAT.

That such refunds shall be based solely on the certificate of the Administrator of General Services or his duly authorized representative. (g) EXISTING POLICIES, PROCEDURES, ETC., To REMAIN I N EFFECT.—

All policies, procedures, directives, and delegations of authority prescribed or issued (1) by the W a r Contracts Price Adjustment Board, 58 Stat 90 or (2) by any Secretary or other duly authorized officer of the Govern5oU.S.C.app.§ii9i ment, under the authority of the Renegotiation Act, in effect upon the (I); Sup. IV, § 1191 (j). effective date of this section and not inconsistent herewith, shall remain in full force and effect unless and until superseded, or except as they may be amended, under the authority of this section or any other appropriate authority. All functions, powers, and responsibilities transferred by this section shall be accompanied by the authority to issue appropriate regulations and procedures, or to modify existing procedures, in respect of such powers, functions, and responsibilities. (h) SAVINGS PROVISION.—This section shall not be construed (1) to prohibit disbursements authorized by the W a r Contracts Price Adjustment Board and certijfied pursuant to its authority prior to the effective date of this section, (2) to affect the validity or finality of any agreement or order made or issued pursuant to law by the W a r Contracts Price Adjustment Board or pursuant to delegations of authority from it, or (3) to prejudice or to abate any action taken or any right accruing or accrued, or any suit or proceeding had or commenced in any civil cause; but any court having on its docket a case to which the W a r Contracts Price Adjustment Board is a party, on motion or supplemental petition filed at any time within twelve months after the effective date of this section, showing a necessity for the survival of such suit, action, or other proceeding to obtain a determination of the questions involved, may allow the same to be maintained by or against the United States. (i) RENEGOTIATION ACT NOT REPEALED.—Except as by this Act 5ou^f o'app §1191 specifically amended or modified, all provisions of the Renegotiation (Z); sup.iv, § 1191 (j). Act shall remain in full force and effect. (j) DEFINITIONS.—The terms which are defined in the Renegotiation Act shall, when used in this section, have the same meaning as when used in the Renegotiation Act, except that where a renegotiation function has been transferred by or pursuant to law the terms "Secretary" or "Secretaries" and "Department" or "Departments" shall be understood to refer to the successors in function to those officers or offices specifically named in the Renegotiation Act. (k) EFFECTIVE DATE OF SECTION.—This section shall take effect sixty days after the date of the enactment of this Act. SEC. 202. PERIOD OF LIMITATIONS FOR RENEGOTIATION ACT OF 1948. 50 u^s.c.!sup.IV, No proceeding under the Renegotiation Act of 1948 to determine app. §ii93 (i). Jie amovmt of excessive profits for any fiscal year shall be commenced more than one year after the mandatory statement required by the regulations issued pursuant to such Act is filed with respect to such year, or more than six months after the date of the enactment of this title, whichever is the later, and if such proceeding is not so commenced (in the manner provided by the regulations prescribed pursuant to such Act), all liabilities of the contractor or subcontractor under such Act for excessive profits received or accrued during such fiscal year shall thereupon be discharged. If an agreement or order determining the amount of excessive profits under such Act is not made within two years following the commencement of the renegotiation proceeding, then upon the expiration of such two years all liabilities of the contractor or subcontractor for excessive profits with respect to which such proceeding was commenced shall thereupon be discharged, except that (1) such two-year period may be extended by mutual agreement, and (2) if within such two years such an order