2 C.F.R. § 1108.410

Current through May 31, 2024
Section 1108.410 - Working capital advance

Working capital advance means a payment method under which funds are advanced to a recipient or subrecipient to cover its estimated disbursement needs for a given initial period, after which the DoD component making the award makes payment to the recipient or subrecipient by way of reimbursement.

2 C.F.R. §1108.410

85 FR 51230, 10/19/2020