C.F.R. » Title 48 » CHAPTER 1—FEDERAL ACQUISITION REGULATION › SUBCHAPTER E—GENERAL CONTRACTING REQUIREMENTS › PART 32—CONTRACT FINANCING › Subpart 32.8—Assignment of Claims

48 C.F.R. § 32.801

32.801 Definitions.

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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.

[48 FR 42328, Sept. 19, 1983, as amended at 60 FR 49730, Sept. 26, 1995; 66 FR 2132, Jan. 10, 2001]
Notes of Decisions
Cited in 1 case, 1994–1994 · leading case: In Re Medina, 177 B.R. 335 (Bankr. D. Or. 1994).
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In Re Medina, 177 B.R. 335 (Bankr. D. Or. 1994). · cites it 2× “Offord points out that under these regulations “assignment of claims” is defined as “the transfer or making over by the contractor to a bank, trust company, or other financing institution, as security for a loan to the contractor, of its right to be paid by the Government for…”
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