[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR13.001]



[Page 207-208]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 13_SIMPLIFIED ACQUISITION PROCEDURES--Table of Contents

 

Sec. 13.001  Definitions.



    As used in this part--

    Authorized individual means a person who has been granted authority, 

in accordance with agency procedures, to acquire supplies and services 

in accordance with this part.

    Governmentwide commercial purchase card means a purchase card, 

similar in nature to a commercial credit card, issued to authorized 

agency personnel



[[Page 208]]



to use to acquire and to pay for supplies and services.

    Imprest fund means a cash fund of a fixed amount established by an 

advance of funds, without charge to an appropriation, from an agency 

finance or disbursing officer to a duly appointed cashier, for 

disbursement as needed from time to time in making payment in cash for 

relatively small amounts.

    Third party draft means an agency bank draft, similar to a check, 

that is used to acquire and to pay for supplies and services. (See 

Treasury Financial Management Manual, Section 3040.70.)



[62 FR 64917, Dec. 9, 1997 as amended at 66 FR 2128, Jan. 10, 2001]