Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 48 - Federal Acquisition Regulations System |
Chapter 4 - Department of Agriculture |
SubChapter E - General Contracting Requirements |
Part 432 - Contract Financing |
§ 432.003 - Simplified acquisition procedures financing.
Latest version.
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432.003 Simplified acquisition procedures financing.
(a) The chief of the contracting office may approve contract financing on a contract to be entered under the simplified acquisition procedures. Class approvals may not be made.
(b) The signed approval must contain the supporting rationale for the action and an estimate of the cost and/or risk to the government.