96 STAT. 88
PUBLIC LAW 97-177—MAY 21, 1982 which is so identified for this purpose by the head of such agency; (2) the term "business concern" means any person engaged in a trade or business and nonprofit entities operating as contractors; (3) an invoice shall be considered a "proper invoice" when it contains or is accompanied by such substantiating documentation (A) as the Director of the Office of Management and Budget may require by regulation, and (B) as the Federal agency involved may require by regulation or contract; (4) an invoice shall be deemed to have been received by an agency on the later of— (A) the date on which the agency's designated payment office or finance center actually receives a proper invoice; or (B) the date on which such agency accepts the property or service concerned; (5) a payment shall be considered made on the date on which a check for such payment is dated; and (6) a contract for the rental of real or personal property is a contract for the acquisition of that property. EFFECTIVE DATE
31 USC 1801 ^°^^' 31 USC 1801 ^°^^31 USC 1806.
SEC. 7. (a) This Act applies to the acquisition of property or services on or after the beginning of the first calendar quarter which begins more than ninety days after the date of enactment of this Act. (b) The provisions of this Act requiring the promulgation of regulations shall be effective upon enactment, and such regulations shall be promulgated not later than ninety days after the date of enactment of this Act. (c) The provisions of this Act shall apply to the Tennessee Valley Authority, but any regulations promulgated under the authority of this Act shall not be applicable to the Tennessee Valley Authority, which shall be solely responsible for implementing the provisions of this Act with respect to its contracts. Approved May 21, 1982.
LEGISLATIVE HISTORY—S. 1131 (H.R. 4709): HOUSE REPORT No. 97-461 accompanying H.R. 4709 (Comm. on Government Operations). SENATE REPORT No. 97-302 (Comm. on Governmental Affairs). CONGRESSIONAL RECORD: Vol. 127 (1981): Dec. 15, considered and passed Senate. Vol. 128 (1982): Mar. 23, H.R. 4709 considered and passed House; proceedings vacated and S. 1131, amended, passed in lieu. May 11, Senate concurred in House amendments.
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