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e-CFR data is current as of December 1, 2020

Title 48Chapter 25Subchapter E → Part 2532


Title 48: Federal Acquisition Regulations System


PART 2532—CONTRACT FINANCING


Contents

Subpart 2532.4—Advance Payments

2532.401   Statutory authority.
2532.403   Applicability.

Authority: 42 U.S.C. 1870(d).

Source: 49 FR 46745, Nov. 28, 1984, unless otherwise noted.

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Subpart 2532.4—Advance Payments

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2532.401   Statutory authority.

The NSF Act (42 U.S.C. 1870(d)) provides that advance, progress, or other payments which relate to scientific activities or scientific information may be made without regard to the provisions of section 3324 of title 31 of the United States Code.

[49 FR 46745, Nov. 28, 1984, as amended at 61 FR 51022, Sept. 30, 1996]

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2532.403   Applicability.

Advance payments may be made in any amount not exceeding the contract price, provided (a) the amount of the advance payment is based upon an analysis of the financing required by the contractor for the contract and does not exceed reasonable financial requirements between payments, and (b) such advance payment is appropriate in order to contract for the required work.

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