FAR 32.304-4 Guarantee amount and maturity
Subsection Federal Acquisition Regulation
Facts
- Citation
- FAR 32.304-4
- Type
- Subsection
- 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
The agency may change the guarantee amount or maturity date, within the limitations at 32.304-3, as follows:
(a) If the contractor enters into additional defense production contracts after the application for, but before authorization of, a guarantee, the agency may adjust the loan guarantee amount or maturity date to meet any significant increase in financing need.
(b) If the contractor enters into defense production contracts during the term of the guaranteed loan, the parties may adjust the existing guarantee agreement to provide for financing the new contracts. Pertinent information and the Federal Reserve Bank reports will be submitted to the guaranteeing agency under the procedures for the original guarantee application, described in 32.304-1. Normally, a new certificate of eligibility is required.
Sections cited
- FAR 32.304-3 Asset formula
- FAR 32.304-1 Application for guarantee
Quick answers
What is FAR 32.304-4?
FAR 32.304-4 is a subsection of the Federal Acquisition Regulation, titled "Guarantee amount and maturity".
Are changes to FAR 32.304-4 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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