48 CFR 32.801: 32.801 Definitions.
Where this section sits in the code
- Title 48—Federal Acquisition Regulations System
- CHAPTER 1—FEDERAL ACQUISITION REGULATION
- SUBCHAPTER E—GENERAL CONTRACTING REQUIREMENTS
- PART 32—CONTRACT FINANCING
- Subpart 32.8—Assignment of Claims
Designated agency, as used in this subpart, means any department or agency of the executive branch of the United States Government (see 32.803(d)).
No-setoff commitment, as used in this subpart, means a contractual undertaking that, to the extent permitted by the Act, payments by the designated agency to the assignee under an assignment of claims will not be reduced to liquidate the indebtedness of the contractor to the Government.
Collected 2026-08-27T02:26:29Z. Source file · JSON