(1)The Commission shall establish by regulation a comprehensive procurement system. The regulation shall be known as the “Panama Canal Acquisition Regulation” (in this section referred to as the “Regulation”) and shall provide for the procurement of goods and services by the Commission in a manner that—
(A)applies the fundamental operating principles and procedures in the Federal Acquisition Regulation;
(B)uses efficient commercial standards of practice; and
(C)is suitable for adoption and uninterrupted use by the Republic of Panama after the Canal Transfer Date.
(2)The Regulation shall contain provisions regarding the establishment of the Panama Canal Board of Contract Appeals described in section
3862 of this title.
(b) Supplement to Regulation
The Commission shall develop a Supplement to the Regulation (in this section referred to as the “Supplement”) that identifies both the provisions of Federal law applicable to procurement of goods and services by the Commission and the provisions of Federal law waived by the Commission under subsection (c) of this section.
(c) Waiver authority
(1)Subject to paragraph (2), the Commission shall determine which provisions of Federal law should not apply to procurement by the Commission and may waive those laws for purposes of the Regulation and Supplement.
(2)For purposes of paragraph (1), the Commission may not waive—
In subsec. (c)(2)(A), “chapter 21 of title
41” substituted for “section 27 of the Office of Federal Procurement Policy Act (41 U.S.C. 423)” on authority of Pub. L. 111–350, § 6(c),Jan. 4, 2011, 124 Stat. 3854, which Act enacted Title 41, Public Contracts.
In subsec. (c)(2)(B), “chapter 71 of title
41, other than section
7104(b) of title
41” substituted for “the Contract Disputes Act of 1978 (41 U.S.C. 601 et seq.), other than section 10(a) of such Act (41 U.S.C. 609(a))” on authority of Pub. L. 111–350, § 6(c),Jan. 4, 2011, 124 Stat. 3854, which Act enacted Title 41, Public Contracts.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
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Description of Change
Statutes at Large
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