DETERMINATIONS AND FINDINGS

• Document Type: CREST
• Collection: General CIA Records
• 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
• Publication Date: May 22, 1958
• Content Type: REPORT

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Approved For Release 2002/10/31: CIA-RDP70B00783R00010 9,35D
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CENTRAL INTELLIGENCE AGENCY
DETERKNATIONS AND FINDINGS
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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
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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)
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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