FAR and DFARS › FAR Part 32: Contract Financing › Subpart 32.7
FAR 32.702 Policy.
The codified text (eCFR, as of 2026-10-02). Under the Revolutionary FAR Overhaul ↗, agencies follow class deviations with new text for many parts while the formal rules go through the Federal Register: check the solicitation and your contract's clauses, which rule.
In plain English
This section states that government officers and employees cannot obligate funds beyond what is available or before appropriations are made, unless the law allows it. It also requires contracting officers to either get written assurance that funds are available or to make the contract contingent on funding before signing it. This matters to contractors because it means the government must have proper funding in place before a contract can be awarded, unless the contract includes a clause making it contingent on funds becoming available.
Applies to: Government officers and employees, especially contracting officers
What it requires
- Obtain written assurance from responsible fiscal authority that adequate funds are available before executing any contract, or
- Expressly condition the contract upon availability of funds in accordance with 32.703-2 before executing any contract
Key terms: obligation · Anti-Deficiency Act · appropriations · contracting officer · availability of funds
Written by AI from this section's text. A guide, not legal advice: the text below rules.
The text
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.
Sections it refers to
- 32.703-2 Contracts conditioned upon availability of funds.
← 32.701 [Reserved] · 32.703 Contract funding requirements. →
Rule changes for FAR Part 32
- Federal Acquisition Regulation: Inflation Adjustment of Acquisition-Related Thresholds ↗ · final rule 2025-08-27 · effective 2025-10-01
- Federal Acquisition Regulation; Technical Amendments ↗ · final rule 2025-08-07 · effective 2025-08-07
- Federal Acquisition Regulation: Inflation Adjustment of Acquisition-Related Thresholds ↗ · proposed 2024-11-29 · comments due 2025-01-28
Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Plain words for the terms: glossary.