In AC 31.2015, we discussed the fact that the Federal Acquisition Regulation (FAR) had not yet caught up with General Records Schedule (GRS) 1.1, published September 2014 in GRS Transmittal 23. This resulted in the FAR and the GRS stating different retention periods for records.
We are pleased to announce that these necessary alterations to the FAR were published as a final rule in the Federal Register on December 4, 2015. The new rule is effective January 4, 2016. We appreciate the work of the FAR Implementation Team comprised of GSA, DoD, and NASA representatives bringing this to fruition. The unfortunate disconnect between the GRS and the FAR is now history. Both authorities once again state the same retention periods for records.
And we would also like to take this opportunity to wish everyone a great 2016!