48 CFR 32.700 - 32.700 Scope of subpart.

Regulations last checked for updates: Mar 28, 2026

Title 48 - Federal Acquisition Regulations System last revised: Mar 13, 2026

View all text of Subpart 32.7 [32.700 - 32.706-3]

32.700 - 32.700 Scope of subpart.

This subpart (a) describes basic requirements for contract funding and (b) prescribes procedures for using limitation of cost or limitation of funds clauses. Detailed acquisition funding requirements are contained in agency fiscal regulations.

authority: 41 U.S.C. 1121(b); 40 U.S.C. 121(c); 10 U.S.C. chapter 4 and 10 U.S.C. chapter 137 legacy provisions (see 10 U.S.C. 3016); and 51 U.S.C. 20113.

source: 48 FR 42328, Sept. 19, 1983, unless otherwise noted.

cite as: 48 CFR 32.700