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Title 48: Federal Acquisition Regulations System
CHAPTER 24: DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
SUBCHAPTER E: GENERAL CONTRACTING REQUIREMENTS
PART 2432: CONTRACT FINANCING
Subpart 2432.9: Prompt Payment
2432.906 - Contract financing payments.
(a) Except for construction contracts (see FAR 52.232-27), periods for payment shorter than 30 days shall not be specified in contracts without the prior approval of the cognizant accounting office to ensure that procedures are in place to allow timely payment.
[60 FR 46157, Sept. 5, 1995, as amended at 64 FR 46097, Aug. 23, 1999]
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