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Code of Federal Regulations (Last Updated: October 10, 2024) |
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Title 48 - Federal Acquisition Regulations System |
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Chapter 21 - Office of Personnel Management, Federal Employees Group Life Insurance Federal Acquisition Regulation |
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SubChapter E - General Contracting Requirements |
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Part 2132 - Contract Financing |
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Subpart 2132.7 - Contract Funding |
§ 2132.771 - Non-commingling of FEGLI Program funds.
Latest version.
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2132.771 Non-commingling of FEGLI Program funds.
(a) FEGLI Program funds must be maintained in such a manner as to be separately identifiable from other assets of the Contractor. Cash and investment balances reported on the FEGLI Program Annual Financial Report must be supported by the Contractor's books and records.
(b) This requirement may be modified by the Contracting Officer in accordance with the clause at 2152.232-71 of this chapter when adequate accounting and other controls are in effect. If the requirement is modified, such modification will remain in effect until rescinded by OPM.
[70 FR 41153, July 18, 2005]