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Current as of January 02, 2025 | Updated by Findlaw Staff
If a foreign ownership disclosure is made pursuant to clause 552.270–33:
(a) The contracting officer shall notify the Federal tenant for the leased space in writing:
(1) If the disclosure is made during the lease acquisition process, the contracting officer shall notify the Federal tenant prior to lease award.
(2) If the disclosure is made concurrent with a request for novation, the contracting officer shall notify the Federal tenant prior to executing the novation.
(3) If the disclosure is made concurrent with a renewal option or extension, the contracting officer shall notify the Federal tenant prior to executing the renewal option or extension.
(b) The contracting officer shall coordinate with the Federal tenant regarding security concerns and any necessary mitigation measures.
Cite this article: FindLaw.com - Code of Federal Regulations Title 48. Federal Acquisition Regulations System 48.570.118 Foreign Ownership Disclosure - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-48-federal-acquisition-regulations-system/cfr-48-570-118/
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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