Code of Federal Regulations · Section
§ 732.406-73 — 732.406-73 Loc Contract Clause
48 C.F.R. § 732.406-73
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(a) If payment is to be provided by LOC, the contract must contain the clause in 752.232-70.
(b) Contracting officers must ensure that an appropriate (48 CFR) FAR payment clause is also inserted in the contract, in the event that the LOC is revoked pursuant to 732.406-74.
Authorizing Statute
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Exercise of functions22 U.S.C. § 2381