6 U.S.C. § 424 — Increased micro-purchase threshold for certain procurements

submitted 24 years ago by Pub. L. 107-296 to r/title-6-DOMESTIC-SECURITY · 42 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law raises the micro-purchase threshold for certain procurements to $7,500. It applies when administering section 1902 of title 41 for procurements covered by section 422 of this title. That $7,500 figure replaces the amount otherwise listed in section 1902's subsections (a), (d), and (e).

This section changes a dollar figure used in federal procurement law. When administering section 1902 of title 41, for a procurement covered by section 422 of this title, the amount named in subsections (a), (d), and (e) of section 1902 is not whatever those subsections would otherwise say — it is instead treated as $7,500. This effectively raises the "micro-purchase threshold" — the dollar limit below which purchases can use simplified, faster procedures — to $7,500 for these specific procurements.

the actual law source: uscode.house.gov ↗public domain

In the administration of section 1902 of title 41 with respect to a procurement referred to in section 422 of this title, the amount specified in subsections (a), (d), and (e) of such section 1902 shall be deemed to be $7,500.

Source credit: (Pub. L. 107–296, title VIII, § 854, Nov. 25, 2002, 116 Stat. 2236.)

history & why it existsrecord from the source credit

2002Enacted · Pub. L. 107-296 · 116 Stat. 2236

A history note hasn’t been published yet. The record shows enactment by Pub. L. 107-296 on 2002-11-25.

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