41 U.S.C. § 4302 — Adjustment of threshold amount of covered contract

FEDERAL · 41 U.S.C. · Chapter 43

Adjustment of threshold amount of covered contract

Current through Pub. L. 119-102

Title 41 — Public Contracts·Ch. 43 — ALLOWABLE COSTS

Effective on October 1 of each year that is divisible by 5, the amount set forth in section 4301(2) of this title shall be adjusted to the equivalent amount in constant fiscal year 1994 dollars. An adjusted amount that is not evenly divisible by $50,000 shall be rounded to the nearest multiple of $50,000. If an amount is evenly divisible by $25,000 but is not evenly divisible by $50,000, the amount shall be rounded to the next higher multiple of $50,000.

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Effective on October 1 of each year that is divisible by 5, the amount set forth in section 4301(2) of this title shall be adjusted to the equivalent amount in constant fiscal year 1994 dollars. An adjusted amount that is not evenly divisible by $50,000 shall be rounded to the nearest multiple of $50,000. If an amount is evenly divisible by $25,000 but is not evenly divisible by $50,000, the amount shall be rounded to the next higher multiple of $50,000.

41 U.S.C. § 4302 (Adjustment of threshold amount of covered contract) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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History

(Pub. L. 111–350, §3, Jan. 4, 2011, 124 Stat. 3784.)

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