FEDERAL · 41 U.S.C. · Chapter 45
Authority of executive agency
41 U.S.C. § 4501
Title41 — Public Contracts
Chapter45 — CONTRACT FINANCING
This text of 41 U.S.C. § 4501 (Authority of executive agency) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
41 U.S.C. § 4501.
Text
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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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."
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Bluebook (online)
41 U.S.C. § 4501, Counsel Stack Legal Research, https://law.counselstack.com/usc/41/4501.