Policy.

Federal Acquisition Regulations System 1 2023-10-01 2023-10-01 false Policy. 32.702 Section 32.702 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION GENERAL CONTRACTING REQUIREMENTS CONTRACT FINANCING Contract Funding 32.702 Policy. No officer or employee of the Government may create or authorize an obligation in excess of the funds available, or in advance of appropriations (Anti-Deficiency Act, 31 U.S.C. 1341), unless otherwise authorized by law. Before executing any contract, the contracting officer shall (a) obtain written assurance from responsible fiscal authority that adequate funds are available or (b) expressly condition the contract upon availability of funds in accordance with 32.703–2. [48 FR 42328, Sept. 19, 1983, as amended at 51 FR 2665, Jan. 17, 1986]