48 CFR 32.801 : Federal Acquisition Regulations System (Section 1.000 To Parts 9906-9999) — Federal Acquisition Regulation (Parts 1 - 99) (Section 1.000 To Parts 54-99) — General Contracting Requirements (Parts 27 - 33) (Section 27.000 To Section 33.215) — Contract Financing (Section 32.000 To Section 32.1110) — Assignment Of Claims (Section 32.800 To Section 32.806) — Definitions.

31 Dec 2014

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 CFR 32.801
[48 FR 42328, Sept. 19, 1983, as amended at 60 FR 49730, Sept. 26, 1995; 66 FR 2132, Jan. 10, 2001]