48 CFR 31.201-5

31.201-5 Credits.

United States · 48 CFR — Federal Acquisition Regulations System · Status: effective

Cite this

Citation: 48 CFR 31.201-5, 31.201-5 Credits, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/240801
Permanent ID: ys:prov:240801@1
SHA-256: 8298271fa01b8b94fb56d7c4d1b30d98132ebd8ea62361cdb5ff3af96a7c3dc3

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Full text

The applicable portion of any income, rebate, allowance, or other credit relating to any allowable cost and received by or accruing to the contractor shall be credited to the Government either as a cost reduction or by cash refund. See 31.205-6(j)(3) for rules governing refund or credit to the Government associated with pension adjustments and asset reversions.

Legislative history

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