[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR31.201-5]

[Page 585]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
              (This book contains chapter 1, parts 1 to 51)

                CHAPTER 1--FEDERAL ACQUISITION REGULATION
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PART 31_CONTRACT COST PRINCIPLES AND PROCEDURES--Table of Contents
 
          Subpart 31.2_Contracts With Commercial Organizations
 
Sec. 31.201-5  Credits.

    The applicable portion of any income, rebate, allowance, or other 
credit relating to any allowable cost and received by or accruing to the 
contractor shall be credited to the Government either as a cost 
reduction or by cash refund. See 31.205-6(j)(4) for rules governing 
refund or credit to the Government associated with pension adjustments 
and asset reversions.

[48 FR 42301, Sept. 19, 1983, as amended at 54 FR 34755, Aug. 21, 1989; 
63 FR 58597, Oct. 30, 1998]