48 CFR 432.703-3 - 432.703-3 Contracts crossing fiscal years.

Regulations last checked for updates: May 01, 2025

Title 48 - Federal Acquisition Regulations System last revised: Oct 18, 2025

View all text of Subpart 432.7 [432.703 - 432.770]

432.703-3 - 432.703-3 Contracts crossing fiscal years.

Funds appropriated to USDA may be used for one-year contracts which are to be performed in two fiscal years so long as the total amount for such contracts is obligated in the year for which the funds are appropriated (7 U.S.C. 2209c).

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 432.703-3