FEDERAL · 41 U.S.C. · Chapter 45
Authority of executive agency
Current through Pub. L. 119-102
An executive agency may—
(1)make advance, partial, progress or other payments under contracts for property or services made by the agency; and
(2)insert in solicitations for procurement of property or services a provision limiting to small business concerns advance or progress payments.
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41 U.S.C. § 4501 (Authority of executive agency) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Source Credit
History
(Pub. L. 111–350, §3, Jan. 4, 2011, 124 Stat. 3790.)
Editorial Notes
Statutory Notes and Related Subsidiaries
Relationship to Prompt Payment Requirements
Pub. L. 103–355, title II, §2051(f), Oct. 13, 1994, 108 Stat. 3306, provided that: "The amendments made by this section [see Tables for classification] are not intended to impair or modify procedures required by the provisions of chapter 39 of title 31, United States Code, and the regulations issued pursuant to such provisions of law (as such procedures are in effect on the date of the enactment of this Act [Oct. 13, 1994]), except that the Government may accept payment terms offered by a contractor offering a commercial item."
Relationship to Prompt Payment Requirements
Pub. L. 103–355, title II, §2051(f), Oct. 13, 1994, 108 Stat. 3306, provided that: "The amendments made by this section [see Tables for classification] are not intended to impair or modify procedures required by the provisions of chapter 39 of title 31, United States Code, and the regulations issued pursuant to such provisions of law (as such procedures are in effect on the date of the enactment of this Act [Oct. 13, 1994]), except that the Government may accept payment terms offered by a contractor offering a commercial item."