FAR 32.301 Definitions
Section Federal Acquisition Regulation
Facts
- Citation
- FAR 32.301
- 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-
Borrower means a contractor, subcontractor (at any tier), or other supplier who receives a guaranteed loan.
Federal Reserve Board means the Board of Governors of the Federal Reserve System.
Guaranteed loan or "V loan" means a loan, revolving credit fund, or other financial arrangement made pursuant to Regulation V of the Federal Reserve Board, under which the guaranteeing agency is obligated, on demand of the lender, to purchase a stated percentage of the loan and to share any losses in the amount of the guaranteed percentage.
Guaranteeing agency means any agency that the President has authorized to guarantee loans, through Federal Reserve Banks, for expediting national defense production.
Federal Register history
| Final rule | Published | Effective |
|---|---|---|
| Federal Acquisition Regulation; Definitions |
Terms defined
- Borrower
- Federal Reserve Board
- Guaranteed loan
- Guaranteeing agency
Quick answers
What is FAR 32.301?
FAR 32.301 is a section of the Federal Acquisition Regulation, titled "Definitions".
When was FAR 32.301 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 32.301 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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