32.706-1 Clauses for contracting in advance of funds.

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32.706-1 Clauses for contracting in advance of funds.

32.706-1 Clauses for contracting in advance of funds.

  1. (a) Insert the clause at 52.232-18, Availability of Funds, in solicitations and contracts if the contract will be chargeable to funds of the new fiscal year and the contract action will be initiated before the funds are available.

  2. (b) The contracting officer shall insert the clause at 52.232-19, Availability of Funds for the Next Fiscal Year, in solicitations and contracts if a one-year indefinite-quantity or requirements contract for services is contemplated and the contract-

    1. (1) Is funded by annual appropriations; and

    2. (2) Is to extend beyond the initial fiscal year (see 32.703-2(b)).