# Federal Acquisition Regulation; Financing Policies
> **US Department of Defense** · Final rule. · Published 2002-11-22 · Effective 2002-12-23 · 67 FR 70520
## Document
- **Document number:** 02-29092
- **Category:** other
- **Sub-agency:** US Department of Defense
- **Federal Register citation:** 67 FR 70520
- **CFR reference:** 48 CFR 32
- **Publication date:** 2002-11-22
- **Effective date:** 2002-12-23
- **DOD docket:** FAC 2001-10
## Abstract

The Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council (Councils) have agreed on a final rule amending the Federal Acquisition Regulation (FAR) to permit the use of performance-based payments type of financing on fixed-price contracts prior to definitization, and to revise the criteria governing when a prime contractor can bill the Government for costs incurred, but not yet paid, for supplies and services purchased directly for the contract and for associated subcontractor financing payment requests.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2002/11/22/02-29092/federal-acquisition-regulation-financing-policies)
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