FAR 28.203-2 Substitution of assets
Subsection Federal Acquisition Regulation
Facts
- Citation
- FAR 28.203-2
- Type
- Subsection
- Last amended
- 86 FR 3682 Effective Feb 16, 2021
- Proposed changes
- 1
- Text as of
- FAC 2026-01
- Official text
- acquisition.gov
Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this subsection.
Text
An individual surety may request the Government to accept a substitute asset for that currently pledged by submitting a written request, including a revised SF 28, to the responsible contracting officer. Following the requirements set forth in 28.203-1, the contracting officer may agree to the substitution of assets upon determining that the substitute assets to be pledged are adequate to protect the outstanding bond or guarantee obligations.
Federal Register history
| Final rule | Published | Effective |
|---|---|---|
| Federal Acquisition Regulation: Individual Sureties | ||
| Federal Acquisition Regulation; Geographic Use of the Term “United States” |
Proposed changes
| Proposed rule | Published | Comments |
|---|---|---|
| Federal Acquisition Regulation: Revolutionary Federal Acquisition Regulation Overhaul Parts 14, 28, 36, and 52 | Closed Oct 19, 2026No final rule found |
Sections cited
- FAR 28.203-1 Acceptability of individual sureties
Quick answers
What is FAR 28.203-2?
FAR 28.203-2 is a subsection of the Federal Acquisition Regulation, titled "Substitution of assets".
When was FAR 28.203-2 last changed?
The most recent final rule on record is "Federal Acquisition Regulation: Individual Sureties" (86 FR 3682), published Jan 14, 2021 and effective Feb 16, 2021.
Are changes to FAR 28.203-2 proposed?
One proposed change has no final rule yet.
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