Code of Federal Regulations · Section
§ 42.900 — 42.900 Scope Of Subpart
48 C.F.R. § 42.900
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This subpart prescribes policies and procedures regarding actions to be taken when a contractor enters into proceedings relating to bankruptcy. It establishes a requirement for the contractor to notify the contracting officer upon filing a petition for bankruptcy. It further establishes minimum requirements for agencies to follow in the event of a contractor bankruptcy.
Authorizing Statute
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Administrative40 U.S.C. § 121
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Chapter 137 legacy provisions10 U.S.C. § 3016
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General authority41 U.S.C. § 1121
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Powers of the Administration in performance of functions51 U.S.C. § 20113