[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR49]

[Page 910]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 49_TERMINATION OF CONTRACTS--Table of Contents
 
                     Subpart 49.1_General Principles
 
Sec.  49.105-2  Release of excess funds.

    (a) The TCO shall estimate the funds required to settle the 
termination, and within 30 days after the receipt of the termination 
notice, recommend the release of excess funds to the contracting 
officer. The initial deobligation of excess funds should be accomplished 
in a timely manner by the contracting officer, or the TCO, if delegated 
the responsibility. The TCO shall not recommend the release of amounts 
under $1,000, unless requested by the contracting officer.
    (b) The TCO shall maintain continuous surveillance of required funds 
to permit timely release of any additional excess funds (a recommended 
format for release of excess funds is in 49.604). If previous releases 
of excess funds result in a shortage of the amount required for 
settlement, the TCO shall promptly inform the contracting officer, who 
shall reinstate the funds within 30 days.

[56 FR 67134, Dec. 27, 1991]