FAR 32.603 Debt determination
Section Federal Acquisition Regulation
Facts
- Citation
- FAR 32.603
- Type
- Section
- Last amended
- 73 FR 53997 Effective Oct 17, 2008
- 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
(a) If the contracting officer has any indication that a contractor owes money to the Government under a contract, the contracting officer shall determine promptly whether an actual debt is due and the amount. Any unnecessary delay may contribute to-
(1) Loss of timely availability of the funds to the program for which the funds were initially provided;
(2) Increased difficulty in collecting the debt; or
(3) Actual monetary loss to the Government.
(b) The amount of indebtedness determined by the contracting officer shall be an amount that-
(1) Is based on the merits of the case; and
(2) Is consistent with the contract terms.
Federal Register history
| Final rule | Published | Effective |
|---|---|---|
| Federal Acquisition Regulation; FAR Case 2005-018, Contract Debts |
Quick answers
What is FAR 32.603?
FAR 32.603 is a section of the Federal Acquisition Regulation, titled "Debt determination".
When was FAR 32.603 last changed?
The most recent final rule on record is "Federal Acquisition Regulation; FAR Case 2005-018, Contract Debts" (73 FR 53997), published Sep 17, 2008 and effective Oct 17, 2008.
Are changes to FAR 32.603 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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