[Code of Federal Regulations]

[Title 48, Volume 4]

[Revised as of October 1, 2006]

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

[CITE: 48CFR332.902]



[Page 61]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                  CHAPTER 3--HEALTH AND HUMAN SERVICES

 

PART 332_CONTRACT FINANCING--Table of Contents

 

                      Subpart 332.9_Prompt Payment

 

Sec. 332.902  Definitions.





    Fiscal office means the office responsible for: determining whether 

interest penalties are due a contractor and, if so, the amount; 

determining whether an invoice offers a financially advantageous 

discount; maintaining records for and submission of prompt payment 

reports to the Deputy Assistant Secretary, Finance (DASF), ASAM, OS; and 

processing payments to the Treasury Department to allow for payment to a 

contractor when due. The fiscal office may fulfill the roles of the 

``designated billing office'' and the ``designated payment office.''