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                            32.703-1 General.
        
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FAC Number: 2024-03 Effective Date: 02/23/2024
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Subpart32.032.132.232.332.432.532.632.732.832.932.1032.11
Section32.70032.70132.70232.70332.70432.70532.706
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32.703-1 General.32.703-1 General.       (a) 						            If the contract is fully funded, funds are obligated to cover the price or target price of a fixed-price contract or the estimated cost and any fee of a cost-reimbursement contract.                                          (b) 						            If the contract is incrementally funded, funds are obligated to cover the amount allotted and any corresponding increment of fee.    **Parent topic:**  32.703 Contract funding requirements.
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