FAR and DFARS › FAR Part 32: Contract Financing › Subpart 32.8
FAR 32.801 Definitions.
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 defines two terms used in the assignment of claims subpart: 'designated agency' and 'no-setoff commitment.' It matters because these definitions determine which agencies can participate and what a no-setoff commitment means for payments to an assignee.
Applies to: Contractors and agencies involved in assignments of claims under this subpart
Key terms: Designated agency · No-setoff commitment · Assignment of claims · Assignee · Act
Written by AI from this section's text. A guide, not legal advice: the text below rules.
The text
Designated agency, as used in this subpart, means any department or agency of the executive branch of the United States Government (see 32.803(d)).
No-setoff commitment, as used in this subpart, means a contractual undertaking that, to the extent permitted by the Act, payments by the designated agency to the assignee under an assignment of claims will not be reduced to liquidate the indebtedness of the contractor to the Government.
Sections it refers to
- 32.803 Policies.
← 32.800 Scope of subpart. · 32.802 Conditions. →
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.