multiyear contract
Defined in 1 place of the United States Code.
The term “multiyear contract” means a contract which by its terms is to remain in effect for a period which extends beyond the end of the fiscal year during which the contract is entered into but not beyond the end of the fourth fiscal year following such fiscal year. Such term does not include a contract for construction or for a lease of real property.
Source
- 1994–present38 U.S.C. § 114Veterans Benefits · Multiyear procurement · for the purposes of this section