{"data":{"id":"us/48-cfr-232.703-3","jurisdiction":"us","citation":"48 CFR 232.703-3","heading":"232.703-3 Contracts crossing fiscal years.","body":"(b) The contracting officer may enter into a contract, exercise an option, or place an order under a contract for severable services for a period that begins in one fiscal year and ends in the next fiscal year if the period of the contract awarded, option exercised, or order placed does not exceed 1 year (10 U.S.C. 3133).","path":["Title 48—Federal Acquisition Regulations System","CHAPTER 2—DEFENSE ACQUISITION REGULATIONS SYSTEM, DEPARTMENT OF DEFENSE","SUBCHAPTER E—GENERAL CONTRACTING REQUIREMENTS","PART 232—CONTRACT FINANCING","Subpart 232.7—Contract Funding"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-48.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:29Z","sha256":"ae0cbf7ac2357767c7cc7581fb212e4fbf98fdc458d26f45da0ecb15575e7599","source_id":"us-cfr","stale":true,"prev":"us/48-cfr-232.703-1","next":"us/48-cfr-232.703-70"},"notice":"GroundRules: Original legal text. Not legal advice."}