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  • Question

    Is there a regulatory requirement to de-obligate canceled funds? Please provide regulatory reference.


    Answer

    See FAR 4.804-5, specifially paragraph (a)(15).  Within FAR 4.804-5 there is a list of the actions/procedures that must be taken in order to closeout a contract, and the requirement to ensure that a "Contract funds review is completed and excess funds deobligated." is part of that process. 

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