Code of Federal Regulations (Last Updated: April 5, 2024) |
Title 48 - Federal Acquisition Regulations System |
Chapter 1 - Federal Acquisition Regulation |
SubChapter E - General Contracting Requirements |
Part 32 - Contract Financing |
Subpart 32.2 - Commercial Item Purchase Financing |
§ 32.201 - Statutory authority.
Latest version.
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32.201 Statutory authority.
10 U.S.C. 2307(f)3805 and 41 U.S.C. 4505 provide that payment for commercial products or commercial services may be made under such terms and conditions as the head of the agency determines are appropriate or customary in the commercial marketplace and are in the best interest of the United States.
[60 FR 49711, Sept. 26, 1995, as amended at 79 FR 24211, Apr. 29, 2014; 86 FR 61029, Nov. 4, 2021; 87 FR 73899, Dec. 1, 2022]