Regulations last checked for updates: Nov 25, 2024

Title 48 - Federal Acquisition Regulations System last revised: Nov 15, 2024
432.001 - 432.001 Definitions.

Agency contract finance office is the office, other than the office of the requisitioner, providing funding or performing funding record keeping for the contract action.

Head of agency. For the purposes of this part, head of the agency means, exclusively, the Secretary or the Deputy Secretary.

Remedy coordination official (RCO). The USDA RCO is the Assistant Secretary for Administration.

Responsible fiscal authority is that officer in the agency contract finance office with the responsibility to ensure that adequate funds are available and usable for the intended purpose.

432.006 - 432.006 Reduction or suspension of contract payments upon finding of fraud.
432.006-5 - 432.006-5 Reporting.

The annual report required by FAR 32.006-5 is to be prepared by the SPE and submitted to the Secretary within 90 calendar days after the end of the fiscal year. When signed by the Secretary, the report is to be maintained by the SPE.

432.007 - 432.007 Contract financing payments.

The Mission Area senior contracting official may prescribe, on a case-by-case basis, a shorter period for financing payments.

Subpart 432.1 [432.114 - 432.114] - Subpart 432.1—Non-Commercial Item Purchase Financing
Subpart 432.2 [432.206 - 432.206] - Subpart 432.2—Commercial Item Purchase Financing
Subpart 432.3 [432.301 - 432.301] - Subpart 432.3—Loan Guarantees for Defense Production
Subpart 432.4 [432.402 - 432.412] - Subpart 432.4—Advance Payments for Non-Commercial Items
Subpart 432.7 [432.703 - 432.770] - Subpart 432.7—Contract Funding
Subpart 432.8 [432.802 - 432.802] - Subpart 432.8—Assignment of Claims
authority: 5 U.S.C. 301 and 40 U.S.C. 486(c)
source: 89 FR 81015, Oct. 7, 2024, unless otherwise noted.
cite as: 48 CFR 432.006-5