41 U.S.C. § 4707 — Remission of liquidated damages
submitted 15 years ago by Pub. L. 111-350 to r/title-41-PUBLIC-CONTRACTS · 64 words · no verdicts yet
This section covers remission of liquidated damages. It states the rules that apply to that subject.
When a contract made on behalf of the Federal Government by the head of a Federal agency, or by an authorized officer of the agency, includes a provision for liquidated damages for delay, the Secretary of the Treasury on recommendation of the head of the agency can forgive any part of the damages as the Secretary of the Treasury believes is just and equitable.
When a contract made on behalf of the Federal Government by the head of a Federal agency, or by an authorized officer of the agency, includes a provision for liquidated damages for delay, the Secretary of the Treasury on recommendation of the head of the agency may remit any part of the damages as the Secretary of the Treasury believes is just and equitable.
Source credit: (Pub. L. 111–350, § 3, Jan. 4, 2011, 124 Stat. 3799.)
- 2011Enacted · Pub. L. 111-350 · 124 Stat. 3799
A history note hasn’t been published yet. The record shows enactment by Pub. L. 111-350 on 2011-01-04.
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