FAR 32.1102 Definitions
Section Federal Acquisition Regulation
Facts
- Citation
- FAR 32.1102
- Type
- Section
- Last amended
- 66 FR 2117 Effective Mar 12, 2001
- 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 section.
Text
As used in this subpart-
Electronic Funds Transfer information (EFT) means information necessary for making a payment by EFT through specified EFT mechanisms.
Governmentwide commercial purchase card means a card that is similar in nature to a commercial credit card that is used to make financing and delivery payments for supplies and services. The purchase card is an EFT method and it may be used as a means to meet the requirement to pay by EFT, to the extent that purchase card limits do not preclude such payments.
Payment information means the payment advice provided by the Government to the contractor that identifies what the payment is for, any computations or adjustments made by the Government, and any information required by the Prompt Payment Act.
Federal Register history
| Final rule | Published | Effective |
|---|---|---|
| Federal Acquisition Regulation; Definitions |
Terms defined
- Electronic Funds Transfer information (EFT)
- Governmentwide commercial purchase card
- Payment information
Quick answers
What is FAR 32.1102?
FAR 32.1102 is a section of the Federal Acquisition Regulation, titled "Definitions".
When was FAR 32.1102 last changed?
The most recent final rule on record is "Federal Acquisition Regulation; Definitions" (66 FR 2117), published Jan 10, 2001 and effective Mar 12, 2001.
Are changes to FAR 32.1102 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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