Statutory authority.

Federal Acquisition Regulations System 5 2023-10-01 2023-10-01 false Statutory authority. 732.401 Section 732.401 Federal Acquisition Regulations System AGENCY FOR INTERNATIONAL DEVELOPMENT GENERAL CONTRACTING REQUIREMENTS CONTRACT FINANCING Advance Payments for Non-Commercial Items 732.401 Statutory authority. (a) Sections 635 (b) of the Foreign Assistance Act and Executive Order 11223, May 12, 1965, 30 FR 6635, permit the making of advance payments with respect to functions authorized by the Foreign Assistance Act. Advance payments may also be made under section 305 of the Federal Property and Administrative Services Act of 1949, which provides authority, not otherwise available to USAID, to take a paramount lien. (b) The Act of August 28, 1968, Public Law 85-804 does not apply to USAID. [56 FR 67225, Dec. 30, 1991, as amended at 62 FR 40469, July 29, 1997]