Regulations last checked for updates: Mar 13, 2025

Title 48 - Federal Acquisition Regulations System last revised: Oct 18, 2025
432.407 - 432.407 Interest.

(a) The HCA is designated as the individual who may authorize, on a case-by-case basis, advance payments without interest for the contract types described in FAR 32.407(d)(1), through (4). The signed determination and findings supporting these authorizations shall be included in the contract files.

(b) The SPE is designated as the individual who may authorize advance payments without interest other than those described in paragraph (a) of this section.

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 432.407