41-U.S.C.-4501
§4501 – Authority of Executive Agency
Pathway
Title 41 > Subtitle I > Division C > Chapter 45 > Section 4501
Details
- Reference: Section 4501
- Legend: §4501 – Authority of Executive Agency
- USCode Year: 2013
Provision Content
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.
(Pub. L. 111–350, §3, Jan. 4, 2011, 124 Stat. 3790.)
| Revised Section |
Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 4501 | 41:255(a). | June 30, 1949, ch. 288, title III, §305(a), 63 Stat. 396; July 12, 1952, ch. 703, §1(m), 66 Stat. 594; Pub. L. 85–800, §4, Aug. 28, 1958, 72 Stat. 966; Pub. L. 103–355, title II, §2051(a)(2), (c), Oct. 13, 1994, 108 Stat. 3304. |
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.
U.S. Encyclopedia of Law Coverage
41-U.S.C.-3902 in the Legal Encyclopedia: Public Contracts
In this entry about 41-U.S.C.-3902, find legal reference material, bibliographies and premiere content related to public contracts in the American Encyclopedia of Law, presenting a comprehensive view of the United States public contracts-specific issues, written by authorities in the field.
41-U.S.C.-3906 in the Legal Encyclopedia: Procurement
In this entry about 41-U.S.C.-3906, find legal reference material, bibliographies and premiere content related to procurement in the American Encyclopedia of Law, presenting a comprehensive view of the United States procurement-specific issues, written by authorities in the field.
Chapter 45 – Contract Financing in the Legal Encyclopedia: Federal Procurement Policy
In this entry about Chapter 45 – Contract Financing, find legal reference material, bibliographies and premiere content related to federal procurement policy in the American Encyclopedia of Law, presenting a comprehensive view of the United States federal procurement policy-specific issues, written by authorities in the field.
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