32 CFR 37.605 - What is the general policy on participants' financial, property, and purchasing systems?

Regulations last checked for updates: Oct 17, 2024

Title 32 - National Defense last revised: Oct 15, 2024

View all text of Subpart F [§ 37.600 - § 37.710]

§ 37.605 - What is the general policy on participants' financial, property, and purchasing systems?

The general policy for expenditure-based TIAs is to avoid requirements that would force participants to use different financial management, property management, and purchasing systems than they currently use for:

(a) Expenditure-based Federal procurement contracts and assistance awards in general, if they receive them; or

(b) Commercial business, if they have no expenditure-based Federal procurement contracts and assistance awards.

authority: 5 U.S.C. 301 and 10 U.S.C. 113.

source: 68 FR 47160, Aug. 7, 2003, unless otherwise noted.

cite as: 32 CFR 37.605