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National Aeronautics And Space Act Of 1958

238 Words1 Pages
The National Aeronautics and Space Act provides authority for Reimbursable, Non-reimbursable, and Funded Agreements. These Agreements are differentiated by underlying principles, to ensure that each type of Agreement is effectively utilized and strategically managed. NASA`s organic statute, the National Aeronautics and Space Act of 1958 grants NASA broad discretion in the performance of its functions. Specifically, the Space Act authorizes the NASA Administrator "to enter into and perform such contracts, leases, cooperative agreements, or other transactions as may be necessary in the conduct of its work and on such terms as it may deem appropriate, with any agency or instrumentality of the United States, or with any State, Territory, or possession,
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