2 CFR 1108.305

§ 1108.305 Procurement transaction.

United States · 2 CFR — Federal Financial Assistance · Status: effective

Cite this

Citation: 2 CFR 1108.305, § 1108.305 Procurement transaction, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/1434
Permanent ID: ys:prov:1434@1
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Full text

Procurement transaction means a legal instrument by which a recipient or subrecipient purchases property or services it needs to carry out the project or program under its award or subaward, respectively. A procurement transaction is distinct both from “subaward” and “procurement contract,” as those terms are defined in this subpart.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.