DETERMINATIONS AND FINDINGS

Document Type: 
Collection: 
Document Number (FOIA) /ESDN (CREST): 
CIA-RDP70B00783R000100130023-4
Release Decision: 
RIPPUB
Original Classification: 
K
Document Page Count: 
2
Document Creation Date: 
December 14, 2016
Document Release Date: 
October 21, 2002
Sequence Number: 
23
Case Number: 
Publication Date: 
May 22, 1958
Content Type: 
REPORT
File: 
AttachmentSize
PDF icon CIA-RDP70B00783R000100130023-4.pdf87.94 KB
Body: 
i~i ibi~i, u iiiu3 Approved For Release 2002/10/31: CIA-RDP70B00783R00010 9,35D 6 NRO REVIEW COMPLETED COR - 0041 Copy / of 3 CENTRAL INTELLIGENCE AGENCY DETERKNATIONS AND FINDINGS 25X1A NR 6X1 NRO 25X1 A7JHORIZATION FOR ADVANCE PAYS The Central Intelligence Agency has entered into Letter Contract No.ith the Lockheed Aircraft Corporation of Burbank, Califor- nia a a total cost estimated to be approximately and under such contract purposes to make advance payments. I hereby find and determine: (a) That the Lockheed. performance of Contract No cannot secure adequate fi breaking security restrictions imposed Agency; on the Contractor by the (b) That the Contractor shall not be required, to pay inter- est on such advance payments for the reason that such payment would not be required were it not for reason of security; (c) That no other Contractor which did not require advance payments in order to furnish the desired supplies and services was available; (d.) That adequate funds are available for this procurement; (e) That the proposed provision for advance payments is in the interest of national defense, and is necessary and appro- priate in order to secure the required supplies and services un- der the contract; (f) That the amount of the proposed advance is predicated upon use of the Contractor's own working capital to the extent possible and is based upon an analysis of the cash flow required under the contract. Upon the determination and findings set forth above, as prescribed by the Armed Services Procurement Regulation and as authorized by the Central Intelligence Agency Act of 19k9, Public Law 110, 81st Congress, Corporation cannot finance th its own resources and ough private sources without Approved For Release 2002/10/31 : CIA-RDP70B00783R000100130023-4 Approved Fba?Release 2002/10/31 : CIA-RDP70B00)MR000100130023-4 25X1A 25X1A I hereby recommend the making of advance payments in connection with this procurement, subject to the following provisions: (a.) That such advance payments do not exceed 0 at any one time unliquidated. (b) That interest on such advance payments be waived by the Government. (c) That such contract shall provide for a lien in favor of the Government upon the supplies contracted for and. upon mater- ial and other Government property acquired for performance of the contract to the extent that the Government does not obtain title thereto under other terms of the contract. Acting Deputy Director (Support) 25X1A 25X1A for Planning and Development DDK: aml (22 May 1958) 1 - Contract file 2 Finance 3 - COR Chrono Approved For Release 2002/10/31 : CIA-RDP70B00783R000100130023-4