CENTRAL INTELLIGENCE AGENCY DETERMINATIONS AND FINDINGS AUTHORIZATIONS FOR ADVANCE PAYMENTS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP57-00011A001000180068-3
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 2
• Document Creation Date: December 22, 2016
• Document Release Date: December 7, 2010
• Sequence Number: 68
• Publication Date: July 13, 1956
• Content Type: MISC

Sanitized Copy Approved for Release 2010/12/07: CIA-RDP57-00011A001000180068-3
c Ate F r T I t~ AM=
D TVI V r~ ws
SAtC-7773
cow .;Co
1 Contrral T tteiliger Arerc - has antsered into Letter Contra
'ic. BC. for the eoostr ion and Wive", of **am eqApa*nt and
related its w; th the Wyvxm Mfg. Gompwy, Pafad*84 California, at
a cost now estimated to be 61,5W OOO and =dew sneh eontre et purposes
to mice advance payments. I hereby find and deterwims
(a) That the Ryum t[.'d. C o nyp cannot finewe performance
of t.ontract So. BCC with its am reftuv" and earaot secure
adequate financing tbroagh private ae`.iroes attbe t breaching
eel arity restrictions lapooed on the. teatraoter by the Ali
(b) That no atAer Contractor fetch did not regetrw advswe
its is order to fnraish t dvatred supplies and services
see a llablap
(a) That adeq-ate f a we available for this psecnr nt;
(d) That the proposed provision for *&anoe payments is
in the interest of notional defame, and to neeeewair and appre.
pr iste in order to ..ware the Mired wappUes and ser rites
Lander the contract,
(e) That the aaaat of the poll advance is predicated
on ass of the Csntracter''s sera xcrking capital to the amt
possible and is based open an analysis of the sash Mw required
,-ados the contreat.
"po+n the deteraination and findtaaus set forth shove, as prescribed
by th.~ 'raid norvlme Piroc craent Pasnlattan and ae anthorfsad by the
Ce xtrsl Tnteklligence Agency Act of 1049, Public Law 130, 81" Congress,
I berobp- rs tend the mkirj of advance p yst to in eonz ticn with
this praoe t, subject to the fol t.e pre scones
(a) That s eb advance ps to do not +eaeeed tt,OCX) at say
one Lisa unligai.dateed.
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Sanitized Copy Approved for Release 2010/12/07: CIA-RDP57-0001 lAO01000180068-3
 Sanitized Copy Approved for Release 2010/12/07: CIA-RDP57-00011A001000180068-3
(h) Thst s%Lh tract sh-sU provide for a liars in favor
of the Oovarsaa:nt upon the +plive oontr*CS t for and aeon
astsrial and other pwvVcrty acquired for pw zunos of 00
contract to the extent that the Oov*rua t 40.'. not obtain
title tbarsto MXWr other tarsal Of the Witw
contsattiug Ot asr
a r 1 CzsI
~rro1w
Distrib,.Jtient
Orig - Contract No. BC-200
2 - Finance
3 - Fxtra
-J.~Pctra
5 - chreno
6 - Reacting
HJPevd (7/'13,/56)
090/80100
LA"TwCF to Tun
i"guty '1ireaurr ((rwp1t-)
Sanitized Copy Approved for Release 2010/12/07: CIA-RDP57-OOO11AO01000180068-3