Regulations last checked for updates: Dec 19, 2025

Title 48 - Federal Acquisition Regulations System last revised: Dec 02, 2025
All TitlesTitle 48Chapter 4Part 432Subpart 432.4 - Subpart 432.4—Advance Payments for Non-Commercial Items
View all text of Subpart 432.4 [432.402 - 432.412]
432.406 - 432.406 Letters of credit.

The HCA is designated as the individual responsible for coordination with the Department of Treasury concerning letters of credit.

authority: 5 U.S.C. 301 and 40 U.S.C. 486(c)
source: 89 FR 81015, Oct. 7, 2024, unless otherwise noted.
cite as: 48 CFR 432.406
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