48 CFR 9901.302 : Federal Acquisition Regulations System (Section 1.000 To Parts 9906-9999) — Cost Accounting Standards Board, Office Of Federal Procurement Policy, Office Of Management And... (Parts 9900 - 9999) (Section 9900.000 To Parts 9906-9999) — Administration (Parts 9901 - 9902) (Section 9901.301 To Part 9902) — Rules And Procedures (Section 9901.301 To Section 9901.317) — Authority.

(a) The Cost Accounting Standards Board (hereinafter referred to as the “Board”) is established by and operates in compliance with Public Law 100-679.

(b) The Board has the exclusive authority to make, promulgate, amend, and rescind cost accounting standards and regulations, including interpretations thereof, designed to achieve uniformity and consistency in the cost accounting practices governing measurement, assignment, and allocation of costs to contracts with the United States Government.

(c) All cost accounting standards, waivers, exemptions, interpretations, modifications, rules, and regulations promulgated under section 719 of the Defense Production Act of 1950 (50 U.S.C. App. 2168) shall remain in effect unless and until amended, superseded, or rescinded by the Board pursuant to Public Law 100-679.