Regulations last checked for updates: Nov 24, 2024

Title 2 - Grants and Agreements last revised: Jan 01, 1900
§ 1108.410 - Working capital advance.

Working capital advance means a payment method under which funds are advanced to a recipient or subrecipient to cover its estimated disbursement needs for a given initial period, after which the DoD component making the award makes payment to the recipient or subrecipient by way of reimbursement.

authority: 5 U.S.C. 301 and 10 U.S.C. 113.
source: 85 FR 51230, Aug. 19, 2020, unless otherwise noted.
cite as: 2 CFR 1108.410