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Current as of January 02, 2025 | Updated by Findlaw Staff
(a) A fixed-price, time-and-materials or labor-hour contract or order for commercial or non-commercial supplies or severable or non-severable services may be incrementally funded when—
(1) Funds are provided to a Treasury Departmental Office or Bureau under a CR. This includes funds appropriated to a bureau, funds appropriated to another entity that will be directly obligated on a Treasury contract, and funds in a revolving fund or similar account that will be reimbursed by a customer agency funded by a CR;
(2) Sufficient funds are not being allocated from the responsible fiscal authority to fully fund the contract action that is otherwise authorized to be issued;
(3) There is no statutory restriction that would preclude the proposed use of funds;
(4) Funds are available and unexpired, as of the date the funds are obligated;
(5) Assurance is provided by the responsible financial authority that full funding is anticipated once an Appropriation Act is enacted; and
(6) The clause prescribed by 1032.770–7 is incorporated into the contract or order.
(b) Incremental funding may be limited to individual line item(s) or a particular order(s).
Cite this article: FindLaw.com - Code of Federal Regulations Title 48. Federal Acquisition Regulations System 48.1032.770-4 Policy - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-48-federal-acquisition-regulations-system/cfr-48-1032-770-4/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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