Federal Acquisition Regulation; Assignment of Claims
other · US Department of Defense · Rule · Published 1995-09-26 · Effective 1995-10-01 · 60 FR 49729
Document
Document number
95-23864
Federal Register citation
60 FR 49729
CFR reference
48 CFR 32
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of Defense
Publication date
1995-09-26
Effective date
1995-10-01
DOD docket
FAC 90-33
Abstract
This final rule is issued pursuant to Section 2451 of the Federal Acquisition Streamlining Act of 1994 to implement revisions which expand the authority to prohibit setoffs against assignees when contractors assign a contract to a financial institution. This regulatory action was subject to Office of Management and Budget review under Executive Order 12866, dated September 30, 1993.