[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 915]
 
            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.  49.109-3  Government property.

    Before execution of a settlement agreement, the TCO shall determine 
the accuracy of the Government property account for the terminated 
contract. If an audit discloses property for which the contractor cannot 
account, the TCO shall reserve in the settlement agreement the rights of 
the Government regarding that property or make an appropriate deduction 
from the amount otherwise due the contractor.