41 U.S.C. § 4707 — Remission of liquidated damages
U.S.C. Title 41 - PUBLIC CONTRACTS 41 U.S.C. United States Code, 2023 Edition Title 41 - PUBLIC CONTRACTS Subtitle I - Federal Procurement Policy Division C - Procurement CHAPTER 47 - MISCELLANEOUS Sec. 4707 - Remission of liquidated damages From the U.S. Government Publishing Office, www.gpo.gov
§4707. Remission of liquidated damages
When a contract made on behalf of the Federal Government by the head of a Federal agency, or by an authorized officer of the agency, includes a provision for liquidated damages for delay, the Secretary of the Treasury on recommendation of the head of the agency may remit any part of the damages as the Secretary of the Treasury believes is just and equitable.
(Pub. L. 111–350, §3, Jan. 4, 2011, 124 Stat. 3799.)
Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)
4707 41:256a. Sept. 5, 1950, ch. 849, §10(a), 64 Stat. 591; Pub. L. 104–316, title II, §202(u), Oct. 19, 1996, 110 Stat. 3845.